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Cut in Tax on crude palm oil imports
February 16 , 2022
1060 days
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- The Central Government cut tax on imports of crude palm oil (CPO), from 7.5 percent to 5 percent.
- Reduction in the tax is also known as “agriculture infrastructure and development cess (AIDC)”.
- It will widen the gap between refined palm oil import duties and CPO.
- The tax reduction is effectively making it cheaper for Indian refiners to import CPO.
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