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Soymeal News - Budget 2021: Government Revised Basic Import Duty of Edible Oils
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Budget 2021: Government Revised Basic Import Duty of Edible Oils

Government of India, lowered basic import duty on edible oils. The basic custom duty on CPO slashed from 27.5 percent to 15 percent whereas, soybean oil and sunflower oil duty is cut to 15% from 35%. The government has proposed 17.5% cess on CPO and 20% cess on crude soybean and sunflower oil, further added.