India will keep the reduced import duty on edible oils until March 2025
According to the Indian government, the supply of edible oils to the country at lower import duty rates will be allowed until March 2025, as the world’s largest oil importer tries to contain the growth of domestic prices for the product.
The low import duty structure for crude palm oil, crude sunflower oil, and crude soybean oil was to expire in March 2024.
However, according to the government’s order, processors can now continue to import products at reduced duties until March 2025.
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