#JustIn | Centre reduces the standard rate of duty on crude #PalmOil, crude #soyabean oil and crude #sunflower oil to 2.5%, @Sapna_CNBC reports

Standard rate of duty on refined palm oils, refined soyabean oil and refined sunflower oil reduced to 32.5%

Central Govt allows import of 20 Lakh MT each of Crude #Soyabean Oil and Crude #Sunflower Oil per year.

This is for a period of 2 years at #Nil rate of #customsduty and Agricultural Infrastructure and Development #Cess.

Edible Oil prices drop further. Revised rates from 3rd week of July show that 1 ltr of #soyabean oil will be available from Rs 165 onwards

Source: Dept of Food & Public Distribution

Govt exempts #customs duty on imports of crude #soyabean #oil & sunflower seed oil: Finance Ministry

#India reduces basic #import duty on refined #soyabean, sunflower oils by 5%