MintEdible oil cos urged to pass on duty cuts to consumers
1 day agoOn 31 May, the government announced basic customs duty cuts on crude soybean, palm and sunflower oil from 20% to 10%. The effective import duty on these three products has fallen
5 days agoIndia cuts import duty on crude palm, soybean & sunflower oils to 10% to curb refined oil imports and boost domestic processing. Industry hails move for supporting refiners and consumers, while
The Hindu BusinessLineIndia cuts customs duty on crude edible oils to 16.5%, extends
6 days agoThe Indian government late on Friday cut the import duty on crude edible oils such as palm, soyabean and sunflower oil to 16.5 per cent overall from 27.5 per cent. However, it
6 days agoIndia reduced customs duty on edible crude palm oil, soyoil, and sunflower oil from 20% to 10%. is expected to bring some relief to households battling food inflation while also giving a
MSNIndia cuts import taxes on crude cooking oils MSN
Taxes on sunflower, palm and soy bean oils have been lowered by 10% to give an effective tax rate of 16.5%. The country mainly buys palm oil from Indonesia, Malaysia and Thailand, while soy
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- What is India's custom duty on refined oils?
- However, the basic custom duty on refined oils remains unchanged at 32.5%. India imports around 57% of its edible oils — palm, soybean and sunflower consumption of around 25 million tonne (MT).
- What's reducing customs duty on crude oil & sunflower oil?
- The Centre has reduced the basic customs duty on crude palm oil, crude soyoil, and crude sunflower oil from 20 per cent to 10 per cent, according to a government notification cited by Reuters.
- Why did India reduce import duty on edible oil?
- India reduced customs duty on edible crude palm oil, soyoil, and sunflower oil from 20% to 10%. In a move aimed at curbing rising kitchen expenses and stabilising the edible oil market, the Indian government has halved the basic import duty on key crude edible oils.
- Why does India cut import duty on crude oil?
- India cuts import duty on crude palm, soybean & sunflower oils to 10% to curb refined oil imports and boost domestic processing. Industry hails move for supporting refiners and consumers, while critics warn of negative impact on local crushers and farmers.
- How to control rising cooking oil prices?
- In a bid to control the continuous rise in the cooking oil prices since past one year, Recently on 30th May, 2025 , the Central Government has cut basic custom duty for Crude Edible oils (crude soybean oil, crude palm oil and crude sunflower oil) 20% from 10%, this makes the effective duty on crude oils 16.5% (including 5% AIDC).
- Is India a win-win situation for vegetable oil refiners & consumers?
- “This is a win-win situation for vegetable oil refiners and consumers,” said B.V. Mehta, Executive Director of the Solvent Extractors’ Association of India (SEA), speaking to PTI. With the duty gap between crude and refined oil widening to 19.25 per cent, it is now more cost-effective to import crude oils and refine them locally.
