India cuts duty on 400k tonnes of Maize imports as charges jump

India cuts duty on 400k tonnes of Maize imports as charges jump

by admin- Wednesday, July 10th, 2019 08:20:46 PM

India has reduced import taxes on an extra 400,000 tonnes of maize (corn) to fifteen%, the Directorate General of Foreign Trade (DGFT) stated in a notification, to offset a rise within the rate of animal feed inside the united states following a drought remaining 12 months.

India allowed imports of a hundred,000 tonnes of corn on the concessional tax charge in June.

The additional 400,000 tonnes of imports had been permitted at the equal fee following a request from the poultry enterprise, the government stated in a assertion.

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