NewsData.io24 Sept 2026, 6:57 am ISTDelayed
Government reduces import taxes on edible oils
What happened
- The government reduced the Basic Customs Duty (BCD) on crude sunflower oil to zero.
- The import duty on crude soybean and palm oil was reduced to 5 percent.
Key terms explained
Financial terms from this story, in everyday words.
- Basic Customs Duty (BCD)
- A tax collected by the government on goods brought into the country from abroad.
Original source
NewsData.io
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