ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • National Highway construction slows to 20.43 km per day in first 4 months of current fiscal
  • Independence Day Special: How investment habits, preferences of people have changed over the past 75 years
  • BMW M4 Competition Coupé 50 Jahre M Edition: Price and features | Photos
  • Financial Independence for Women: top investment tips for the other half to make them independent moneywise
Read in App
Business News » World News

India cuts tax on crude, refined palm oil imports from ASEAN countries

India slashed import tax on crude and refined palm oil sourced from Southeast Asian (ASEAN) countries after  request  from suppliers, a government notification said late on Monday.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India cuts tax on crude, refined palm oil imports from ASEAN countries
The duty on crude palm oil was lowered to 40 percent from 44 percent, while a tax on the refined variety was cut to 50 percent from 54 percent, a notification said. Image source: Pixabay

India slashed import tax on crude and refined palm oil sourced from Southeast Asian (ASEAN) countries after request from suppliers, a government notification said late on Monday.

The duty on crude palm oil was lowered to 40 percent from 44 percent, while a tax on the refined variety was cut to 50 percent from 54 percent, the notification said. The cuts took effect on Tuesday. In March 2018, India had raised import tax on crude palm oil to 44 percent from 30 percent and lifted the tax on refined palm oil to 54 percent from 40 percent.

India relies on imports for 70 percent of its edible oil consumption, up from 44 percent in 2001/02.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ASEANindia
Written By: Reuters
Updated: Tue, Jan 01, 2019
09:56 am
Reuters
RELATED NEWS
Better performance for ASEAN markets compared to extremely expensive India: UBS Better performance for ASEAN markets compared to extremely expensive India: UBS
China says ready to work with ASEAN for South China Sea peace China says ready to work with ASEAN for South China Sea peace

LATEST NEWS

Grasim Industries Q1 profit up 13% to Rs 2,759 cr

31 new malls coming soon in India: Set to spawn massive jobs, employment opportunities

Telegram brings emoji-related update a day after blaming Apple for delay

Samsung Galaxy Watch 5 Pro, Galaxy Watch 5 launched in India - Price, offers, features and more

IiAS recommends against reappointment of Paytm MD, CEO Vijay Shekhar Sharma

Noida twin towers demolition: 3500 kg explosive, 9400 holes; how 100-metre tall structures will be razed

Har Ghar Tiranga a huge success: Over 20 cr national flags made available to people since the launch of campaign: Officials

Commonwealth Games 2022: PM Narendra Modi to interact with India's contingent today

ONGC Quarterly Results: Highest ever! Check Q1 net profit

Tata Steel share price gains 12.5% since split – Brokerage recommends Overweight rating - Check price target

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV