News > Centre allows duty-free import of 20 Lakh MT crude soyabean, sunflower oil

Centre allows duty-free import of 20 Lakh MT crude soyabean, sunflower oil

Dais Newsfeed | 25/05/2022 08:48 AM | Click to read full article

In a bid to cool inflation in edible oils, India on Tuesday allowed duty-free import of 20 Lakh metric tonnes each of crude soyabean oil and crude sunflower oil for this year as well as 2023-24, according to the Finance Ministry notification.

India has already abolished the basic import tax on crude palm oil, crude soy oil and crude sunflower oil, but continues with the 5% Agriculture Infrastructure and Development Cess.