The duty on crude palm oil was lowered to 40% from 44%, while a tax on the refined variety was cut to 50% from 54%, the notification said
1 min read1 Jan 2019Govt raises import tax on crude palm oil to 30%, while the duty on refined palm oil has been raised to 40% from 25% earlier as it tries to support local farmers
1 min read18 Nov 2017Govt lowers the import duty on wheat to 10%, crude palm oil to 7.5 % and refined edible oils to 15% respectively
1 min read23 Sep 2016The govt reduces the import tariff value of gold and silver to $418 per 10 gram and $699 per kg respectively
1 min read17 Oct 2013Crude palm oil prices have fallen, with spot prices having declined by 29.7% in dollar terms year-on-year
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3 min read21 Aug 2007The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared