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Custom duty reduced on crude palm oil and refined palm oil

Official Handle of the Central Board of Indirect Taxes & Customs (CBIC) tweeted that the Government has reduced customs duty on crude palm oil from 35.75% to 30.25% and refined palm oil from 49.5% to 41.25% to provide relief to people in India.

"This will bring down the retail prices of edible oils in the market", CBIC added.

 

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TaxGyata Team

TaxGyata Team