<span style="color: #222222;">Centre has allowed import of 20 Lakh Metric Tonnes each of Crude Soyabean Oil and Crude Sunflower Seed Oil per year for a period of two years at nil rate of customs duty and Agricultural Infrastructure and Development Cess.<br />''<br />''This will provide significant relief to the consumers.<br />''<br />''The exemption from customs duty and Agricultural Infrastructure and Development Cess will be effective from today.<br />''<br />''The Ministry of Finance in a notification said, the duty-free import of 20 lakh Metric Tonnes of Crude Soyabean Oil and Crude Sunflower Seed Oil per year will be applicable for financial years 2022-23 and 2023-24.<br />''<br />''The exemption will help cool domestic prices and control inflation.</span><br />
News On AIR | May 25, 2022 8:18 AM
Govt allows duty-free import of 20 lakh tonnes of crude soyabean and sunflower oil per annum