5% Hikes Import Duty On Edible Oil By Govt.


New Delhi;Sept 15: A bid to safeguard the domestic industry Government hiked 5 per cent import duty on Edible oil on Friday.

Central Board of Exercise and Customs said in a notification, customs or import duty on edible oil in all categories has been increased by 5 per cent.

Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent.

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