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India cuts import tax on wheat, crude palm oil, refined oils

(Reuters) - has cut the import tax on wheat, crude palm oil and refined vegetable oils, a order showed on Friday, as part of efforts to curb inflation.

lowered the wheat import tax to 10 percent from 25 percent. The import on crude palm oil and refined edible oils have been reduced to 7.5 and 15 percent respectively, the order posted on a government website, showed.

India, the world's biggest edible oil importer, used to levy 12 percent import tax on crude palm oil and 20 percent on refined vegetable oils.

For the full order, click: http://bit.ly/2d5z6pd

(Reporting by Mayank Bhardwaj, Nidhi Verma and Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard

India cuts import tax on wheat, crude palm oil, refined oils

Reuters  |  NEW DELHI 

(Reuters) - has cut the import tax on wheat, crude palm oil and refined vegetable oils, a order showed on Friday, as part of efforts to curb inflation.

lowered the wheat import tax to 10 percent from 25 percent. The import on crude palm oil and refined edible oils have been reduced to 7.5 and 15 percent respectively, the order posted on a government website, showed.

India, the world's biggest edible oil importer, used to levy 12 percent import tax on crude palm oil and 20 percent on refined vegetable oils.

For the full order, click: http://bit.ly/2d5z6pd

(Reporting by Mayank Bhardwaj, Nidhi Verma and Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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India cuts import tax on wheat, crude palm oil, refined oils

NEW DELHI (Reuters) - India has cut the import tax on wheat, crude palm oil and refined vegetable oils, a finance ministry order showed on Friday, as part of efforts to curb food inflation.

(Reuters) - has cut the import tax on wheat, crude palm oil and refined vegetable oils, a order showed on Friday, as part of efforts to curb inflation.

lowered the wheat import tax to 10 percent from 25 percent. The import on crude palm oil and refined edible oils have been reduced to 7.5 and 15 percent respectively, the order posted on a government website, showed.

India, the world's biggest edible oil importer, used to levy 12 percent import tax on crude palm oil and 20 percent on refined vegetable oils.

For the full order, click: http://bit.ly/2d5z6pd

(Reporting by Mayank Bhardwaj, Nidhi Verma and Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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