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PALM OIL CESS
India raises import tax on edible oilsIndia has increased the basic import tax on crude and refined edible oils by 20 percentage points to support local oilseed farmers. This ch...- Hike duty on edible oils to arrest price fall: FMCG companiesThey said the production of edible oils in the domestic as well as international market is ample and that if the government does not increa...
- Oilseeds industry urge government to increase import duty on oils after DiwaliThe import duty on crude varieties of palm oil, soybean oil and sunflower oil is currently zero. However, after taking into account 5% agri...
- Food ministry extends concessional import duties on edible oils till March 2023"The concessional customs duty on edible oil import has been extended by another 6 months, which means that the new deadline will now be Ma...
- 6-month extension for concessional customs duty on imported edible oil; March 2023 is new deadlineIn the last few months, the food ministry had directed edible oil companies to pass on the benefits of fall in global prices to domestic co...
- India plans to cut taxes on edible oils to cool surging pricesIndia, the world’s top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil ...
- GST compensation cess period already extended till March 2026: FM Nirmala SitharamanThe Union Minister was responding to a query on Karnataka Chief Minister Basavaraj Bommai's statement requesting the Centre to extend the G...
- Centre cuts import duty on lentils, palm oil cess to tame food inflationThe decision to cut duty on imported palm oil from February 13 is expected to increase domestic refining by 60% as the duty difference betw...
- Center reduces agri-cess from crude palm oil to check edible oil prices"Post reduction of the agri-cess, the import tax gap between CPO and Refined Palm Oil has increased to 8.25%, " it said in a statement. It ...
- Effective import duty on crude palm oil cut to 5.5% to cool edible oil pricesThe effective import duty on crude palm oil will now come down to 5.5 per cent, from 8.25 per cent, after taking into account agri developm...
- Import tax on refined palm oil cut to 12.5% to calm pricesThe tax cuts would make refined palm oil more attractive for Indian buyers than crude palm oil and boost shipments of refined grades from M...
- Edible oil prices decline after duty cutDomestic edible oil prices have soared in tandem with the global prices which shot up due to reduced availability of edible oils for food u...
- Centre directs states to reduce edible oil pricesThe letter states that the state government has to now ensure that full benefit of duty reduction made by the centre is passed on to the co...
- Govt scraps basic customs duty, cuts agri cess on crude palm, soyabean and sunflower oilThe duty cuts will be effective from October 14 and will remain in force till March 31, 2022, the Central Board of Indirect Taxes and Custo...
- Import duty on edible oils cut to give relief to consumersThe effective import duty including cess and other charges would be reduced to 24.75% for crude palm, soya and sunflower oils, down from 30...
- Lower import duty likely on edible oilsThe government is considering reducing the effective import duty, which includes cess and other charges, on crude palm, soya and sunflower ...
- India's tax increase on crude palm oil imports could reduce shipmentsIndia has imposed an additional tax on crude palm oil imports as the world's biggest importer of vegetable oils tries to build domestic agr...
- Palm oil prices likely to increase with new agri infra and development cessTo meet its domestic demand of 23.5 million tonnes, India annually imports 13.52 million tonnes of vegetable oils and out of this 60% is pa...
- Refined soya oil futures up on government’s plan to increase 5% cess on importsOn the MCX, crude palm oil touched Rs 568 per 10 kg, up 1.12 per cent on Monday for September delivery.
- Government weighs a cess on cooking oil importsThe duty is 44-54 per cent on crude palm and refined palm oil imported from other countries.
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