World & BusinessIndia announces customs duty cuts on crude and refined edible oils
The Economic Times reports basic customs duty will fall from 10% to 5% on crude soybean and crude palm oils, and from 32.5% to 22.5% on refined sunflower oil.
TLDR
The Economic Times reports that India’s central government announced reductions in basic customs duty on edible oils, scheduled to take effect September 24, 2026. Rates will fall from 10% to 5% for crude soybean and crude palm oils, and from 32.5% to 22.5% for refined sunflower oil. The reductions are part of a strategy to manage edible oil prices.
India announces customs duty cuts on crude and refined edible oils
The Economic Times reports basic customs duty will fall from 10% to 5% on crude soybean and crude palm oils, and from 32.5% to 22.5% on refined sunflower oil.
TLDR
The Economic Times reports that India’s central government announced reductions in basic customs duty on edible oils, scheduled to take effect September 24, 2026. Rates will fall from 10% to 5% for crude soybean and crude palm oils, and from 32.5% to 22.5% for refined sunflower oil. The reductions are part of a strategy to manage edible oil prices.