To provide required relief to consumers, the Central Government exempted customs duty and agriculture infrastructure development cess on 20 Lakh metric tonnes yearly import of crude soyabean and sunflower oil.

• According to the Finance Ministry notification, the order will come into force on May 25, 2022, and shall cease to apply after March 31, 2024.
• Central Govt. has allowed import of a quantity of 20 Lakh MT each of Crude Soyabean Oil & Crude Sunflower Oil per year for a period of 2 years at Nil rate of customs duty & Agricultural Infrastructure and Development Cess. This will provide significant relief to the consumers

By: Brijesh Kumar