Govt slashes basic customs duty on crude edible oils from 20% to...

Govt slashes basic customs duty on crude edible oils from 20% to 10%

Posted

115

The government has reduced the Basic Customs Duty on crude edible oils like soybean, sunflower, and palm from 20% to 10% to control rising prices. This move widens the import duty differential, encouraging domestic refining and reducing refined oil imports. The food ministry has directed industry associations to immediately pass on the duty reductions to consumers by adjusting prices.

Read Full Article

Please log in to like, share and comment!

National

Social Security Fund: Over 2,000 claim health services daily

KATHMANDU: The government has introduced a new policy requiring companies to be affiliated with...

By 0 2

International

Watch: Senator Alex Padilla forcibly removed, handcuffed at Kristi Noem’s news conference; Democrats call it 'shameful abuse of power'

Democratic Senator Alex Padilla was forcibly removed and handcuffed during Homeland Security...

By 0 5

Entertainment

Weinstein case: Judge declares mistrial on rape charge

Harvey Weinstein's New York sex crimes retrial concluded in disarray, with a mistrial declared on...

By 0 14

Entertainment

Kareena, Saif, Malaika visit Karisma Kapoor’s house

Indian industrialist Sunjay Kapur, ex-husband of Karisma Kapoor, tragically died at 53 in the UK...

By 0 14

National

Today’s foreign currency exchange rates

KATHMANDU: Nepal Rastra Bank has published the foreign exchange rates for today (Friday), showing...

By 0 25