https://www.taxtmi.com/news?id=45295 The government reduced the basic customs duty on crude palm, soybean and sunflower oils to a lower uniform rate to lower retail prices and support domestic processors; the effective import duty on these crude oils falls materially while duties on refined oils remain unchanged, increasing the duty differential to incentivise local refining capacity and curb cheaper refined imports. The change is immediately effective by notification. en-us Sat, 31 May 2025 00:16:03 +0530 Sat, 31 May 2025 00:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45295 The government reduced the basic customs duty on crude palm, soybean and sunflower oils to a lower uniform rate to lower retail prices and support domestic processors; the effective import duty on these crude oils falls materially while duties on refined oils remain unchanged, increasing the duty differential to incentivise local refining capacity and curb cheaper refined imports. The change is immediately effective by notification. News - Sat, 31 May 2025 00:16:03 +0530 https://www.taxtmi.com/news?id=45295