India examining proposal to raise palm oil import taxEarlier this year, India abolished the basic import tax on crude palm oil (CPO) to keep a lid on prices. New Delhi continues with a 5% tax ...
18 Oct, 2022, 01.18 PM IST
Crude palm oil excluded from Indonesia export banThough an exemption of crude palm oil from the export curbs will be positive for global markets, the majority of Indonesia's palm exports a...
26 Apr, 2022, 11.47 AM IST
SEA wants Centre to restrict import of refined palm oils to save local refining industryIn December 2021, the government reduced import duty on RBD palmolein and RBD palm oils by 5.5 per cent to check prices of edible oils in t...
13 Jan, 2022, 03.45 PM IST
India's June palm oil imports down 24 per cent from previous monthIndia, the world's leading vegetable oil buyer, had imported 5,64,839 tonne palm oils in June 2020. Whereas in May 2021, palm oil imports s...
13 Jul, 2021, 03.24 PM IST
India makes refined palm oil freely importable to bring down consumer prices; industry calls it a death knell for local refinersAccording to the Solvent Extractors Association (SEA), the reduction in import duty on crude palm oil is around $55/60 per tonnes or Rs 460...
01 Jul, 2021, 12.27 PM IST
Government cuts import duty on crude palm oil to 10%Currently, customs duty on crude palm oil is 15 per cent, while it is 45 per cent for all other categories of palmolein (RBD Palm Oil, RBD ...
30 Jun, 2021, 10.05 AM IST
India keeps base import price of palm oil, soyoil unchangedThe government revises base import prices of edible oils, gold, and silver every fortnight and the price is used to calculate the amount of...
16 Jun, 2021, 11.49 AM IST
Duty cut boosts refined palm imports from MalaysiaIndonesia has traditionally been the largest supplier of palm to India.
31 Jul, 2019, 09.59 AM IST
MCX commences futures trading in RBD palmoleinThe exchange has currently launched May, June, and July 2017 contracts in RBD Palmolein, with 10 MT as the trading unit and Kandla (Gujarat...
05 Apr, 2017, 03.06 PM IST
Refined palm imports from Indonesia risingThis means not only is India importing more RBD olein, it also has begun importing stearin, a by-product of CPO fractionation.
17 Oct, 2016, 10.57 AM IST
Government hikes import tariff value of gold to $459/10 gramsThe government has raised the import tariff value of gold to $459 per 10 grams, while it has been slashed at $737 per kg for silver imports.
02 Jun, 2013, 10.30 PM IST
- No change in tariff value of imported edible oils
The government has made no changes in the base price or tariff value for levying customs duties on palm and soyabean oils for the next fort...
15 Oct, 2007, 09.50 PM IST
- No change in tariff value of imported edible oils
The government on Thursday left unchanged the base price for levying Customs duties on palm oil and soyabean oil to stabilise rates of the ...
17 Aug, 2007, 02.40 AM IST
- Import tariff for edible oil unchanged
The government on Wednesday kept unchanged the base price for levying import duties on palm oils and soybean oil to stabilise the prices of...
18 Jul, 2007, 10.15 PM IST
- Import tariff for edible oil unchanged
The government on Wednesday kept unchanged the base price for levying import duties on palm oils and soybean oil to stabilise the prices of...
18 Jul, 2007, 10.13 PM IST
- Edible oil prices soar despite cut in import duty
The Centre’s attempts to rein in edible oil prices through import duty reduction has failed to achieve the desired effect. In spite of a 10...
18 Apr, 2007, 01.20 AM IST
- Govt hikes tariff value for CSO
he government hiked the tariff value for crude soyabean oil (CSO) on Friday by one dollar to $580 but left tariff values of six palm group ...
15 Sep, 2006, 09.20 PM IST