Industry bodies hail cut on crude oil customs duty, call it timely...

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Industry bodies hail cut on crude oil customs duty, call it timely support for refiners

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The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.

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