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INDIA EXTENDS LOWER IMPORT DUTY ON EDIBLE OIL TILL MARCH 2025 - vyaparsampark.com
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India extended lower import duty on edible oil by one year upto March 31st 2025, which was originally set to expire on 31st March 2024. ( Lower import duty on crude palm oil, crude sunflower oil and crude soy oil) The Government imposed a 50% duty on exports of molasses, a by-product of sugarcane used as raw material for alcohol production with effect from January 18. Malaysian palm oil for April delivery rose by RM 49 or 1.29% to RM 3849 ($ 821.91) by mid-day today 16/1/2024.