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Government raises import duty on edible oil by 5%

18 Sep 2015 Evaluate

Government has hiked import duty on crude and refined edible oils by 5% in a bid to protect farmers' interest and provide a level-playing field to domestic oilseed processors.

Customs or import duty on edible oil in all categories has been increased by 5%, according to Central Board of Excise and Customs (CBEC). Duty on crude edible oil has been increased from 7.5% to 12.5% and on refined edible oil from 15% to 20%.

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