← Top stories
Policy● Neutral for Indian equities
Import duty cut on sunflower oil has a significant Russian backdrop
The brief
- Sunflower oil import-duty cuts intersect with India’s growing edible-oil import dependence
- The issue may complicate New Delhi’s ties with Moscow and Washington
- Import-duty changes affect edible-oil costs, with implications for Indian consumers and food companies
- CBIC eases paperwork to claim concessional duty on imports from UK
- Ministry of Finance announces revised anti-dumping duty on imports from Bangladesh and Nepal
- DGFT delists 15 scrap inspection agencies; importers flag disruptions
- Quality control and India’s manufacturing growth
India’s edible oil import duty cuts
Effective September 24, basic customs duty on crude soybean and palm oils fell from 10% to 5%, while rates on refined oils fell from 32.5% to 27.5%. The cuts aim to ease consumer prices ahead of the festive season, though farmers say they threaten their livelihoods.
Sunday, 27 September
- Import duty cut on sunflower oil has a significant Russian backdrop