Tag Archives | import duty

On the import of crude and refined vegetable oils, Indian Government has increased the levy. On late Friday night as an order on a government website, this information was displayed. The cheap supplies coming in from Malaysia and Indonesia, so to protect the oil seed producers; it is the move to increase the import taxes […]

On sugar, to raise the import duty from the present 40% to 60% the centre is currently considering in order prevent the domestic prices from falling and to control the cheap imports. Further, if the domestic prices of sugar fall, to pay the sugarcane farmers they will impact the sugar mill owners’ ability. In April, […]