Trade sources say import tax on crude palm oil from Asean remains at 37.5%, not 44% as announced by the Indian government earlier. – The Malaysian Insight file pic, February 2, 2020.
INDIA Finance Ministry has issued a notification that says the import tax on crude palm oil will be 44%, but trade sources say there is no change in the existing duty structure on cargoes from Asean. “In the budget notification, import duty is mentioned as 44% which pertains to the standard duty rate.
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