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India likely to cut import tax on palm oil amid trade talks: Govt sources

India imports palm oil from Malaysia and Indonesia.

Reuters  |  New Delhi 

India likely to cut import tax on palm oil amid trade talks: Govt sources

is likely to cut import tax on palm oil, a government source said on Friday, in line with New Delhi's trade agreements with Southeast Asian countries.

Earlier this year, India, the world's top buyer of vegetable oils, raised the import tax on crude to 44 percent from 30 percent and lifted the tax on refined to 54 percent from 40 percent.

imports from Malaysia and

First Published: Fri, December 28 2018. 13:28 IST
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