The base import tax on crude palm oil has been slashed to 2.5 percent from 10 percent, while the tax on crude soyoil and crude sunflower oil has been reduced to 2.5 percent from 7.5 percent, the government said in a notification late on Friday.How to protect and exponentially Grow your investment portfolio during economic boom or bust, How learn stock market, How to earn money in stock market,earn money from home .
Govt cuts import taxes on vegetable oils to calm prices
The base import tax on crude palm oil has been slashed to 2.5 percent from 10 percent, while the tax on crude soyoil and crude sunflower oil has been reduced to 2.5 percent from 7.5 percent, the government said in a notification late on Friday.
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