Cooking Likely to Get Cheaper as Centre Cuts Customs Duty on Edible Oils

Centre Reduces Customs Duty on Crude, Refined Edible Oils

Get latest articles and stories on India at LatestLY. The Central Government has reduced the basic customs duty (BCD) on various edible oils, including soybean oil, palm oil and sunflower oil, with the changes coming into effect from September 24. India News | Centre Reduces Customs Duty on Crude, Refined Edible Oils.

Centre cuts edible oil import duties; zero duty on crude sunflower oil

The reductions, notified by the Department of Revenue, will be effective from September 24

Cooking Oil Gets Cheaper? Centre Slashes Import Duty On Key Edible Oils

Cooking oil prices may see some relief after the Centre reduced the basic customs duty on several imported edible oils. The revised duties will come into effect from September 24, according to a Finance Ministry notification cited by ANI.

Centre cuts import duty on edible oils to curb price rise

The move is expected to lower import costs for cooking oils and potentially provide some relief to consumers if the benefit is passed on through the supply chain.

Centre cuts customs duty on sunflower, soybean and palm oils from September 24

The Centre has cut basic customs duty on crude and refined sunflower, soybean and palm oils, with the new rates effective from September 24.

Cooking likely to get cheaper as Centre cuts customs duty on edible oils

Duty on crude soybean and palm oils has been cut from 10% to 5%, while that on refined varieties has been reduced from 32.5% to 27.5%.