Due to the series of proactive and preemptive measures taken by the Government to augment domestic availability and stabilise prices of essential food commodities, the price of essential commodities, especially edible oils, reported a decline in September this year compared to previous years. The past trend of Prices shows that in the period preceding the...
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Concessional custom duty on Edible Oil import extended till March 2023 to keep domestic price under control
The Central Board of Indirect Taxes and Customs (CBIC) in a notification no. 46/2022-Customs dated 31st August, 2022, has extended existing concessional import duties on specified edible oils up to March 31, 2023. The move is aimed at increasing domestic supply and keeping prices under control. The concessional customs duty on edible oil import has been extended by...