India has improved the bottom import price of crude palm oil by using $11 to $525 per tonne, the government stated in a statement.
Import tariff cost on RBD palm oil raised by way of $10 to $556 in keeping with tonne.
The government usually revises base import fees of safe to eat oils, gold and silver every fortnight and the charge is used to calculate the amount of tax an importer desires to pay.
The world’s largest fit to be eaten oil importer has levied 40 percent responsibility on crude palm oil imports.
Malaysia and Indonesia are the main suppliers of palm oil to India.
The authorities keeps import tariff value on crude soya bean oil unchanged at $709 according to tonne.
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