Editorial. Edible oil tariffs must balance farmer, consumer needs
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Indian consumers looking to replenish their stocks of cooking oil for the festival season are likely to experience some sticker shock, with the Central government deciding to sharply hike import duties on vegetable oils
Indian consumers looking to replenish their stocks of cooking oil for the festival season are likely to experience some sticker shock, with the Central government deciding to sharply hike import duties on vegetable oils. Effective September 14, the basic customs duty on crude soyabean, palm and sunflower oil has gone up from zero to 20 per cent, while that on the same refined oils will rise from 12.5 to 32.5 per cent, with additional cess applying in both cases.
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