Government reduces import duty on edible oils to ease prices, support domestic refining
The government on Wednesday announced a reduction in the Basic Customs Duty (BCD) on crude edible oils, including crude sunflower, soybean, and palm oils, from 20 per cent to 10 per cent. This revision increases the import duty differential between crude and refined edible oils from 8.75 per cent to 19.25 per cent, the Ministry…