With less than two months remaining in the current oil year, India has already achieved a record-breaking import of 139.7 lakh tonnes in just 10 months, approaching the total import for the entire 2021-22 oil year of 140 lakh tonnes. More than half of India’s domestic demand for edible oil is met through imports with it being the largest importer …
The government on Tuesday scrapped customs duty and agriculture infrastructure development cess on the import of crude soyabean oil and crude sunflower oil for 20 lakh metric tonnes each per year to ease local prices. The duty-free import of 20 lakh MT per year will be applicable for two fiscals, 2022-23 and 2023-24, for crude soyabean oil and crude sunflower …
