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theborneopost - 10 days ago

New tax to remove ‘palm oil advantage’, says India trade group

NEW DELHI (Feb 23): A new agriculture tax introduced by the Indian government will remove the undue advantage enjoyed by palm oil in the local market, according to an industry group. India had reduced the import duty on crude palm oil (CPO) from 27.5 per cent to 15 per cent, effective Feb 2, 2021 in its Budget 2021. [...] The post New tax to remove palm oil advantage , says India trade group appeared first on Borneo Post Online.


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