TABLE – Changes in Indian custom tariffs
The Indian government announced the following changes to various commodities as under: TABLE-1 Sl. No. Chapter/ heading/ sub-heading/tariff item …
India cuts tax on palm oil imports from ASEAN countries
India has cut import taxes on crude and refined palm oil from Association of South East Asian Nations (ASEAN) countries after a request from suppliers, a …
Indonesia relaxes levies on palm oil
Indonesia has relaxed rules on levies for palm oil and derivative products effective immediately following a drop in palm oil prices, according to the …
India’s palm oil import dips on ample local supply
Despite slump in global palm oil prices – lowest in three years – India’s palm oil imports are unlikely to climb over November to January due to …
Malaysia palm oil stocks fell to 2.47 million tonnes in September – survey
Malaysia’s palm oil stocks likely edged down in September from seven-month highs in August as shipments from the world’s No.2 exporter of the commodity …
GoI to provide assistance worth Rs 3,000-5,000 per hectare to oilseed farmers
The government of India has decided to provide direct assistance to the oilseed farmers after failing to achieve last year’s oilseed target. The government …
Indonesia issues new rules for commodity exporters as rupiah slides
Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through local banks or branches of foreign banks in the country, …
India’s edible oil imports leap to 15.12 lakh tonnes in August ‘18
India’s import of edible oils jumped 11 per cent to 15.12 lakh tonnes in August this year in spite of rupee depreciation, as supplies dried up because of …
India’s palm oil imports likely to fall to six-year low in 2017-18, says industry body
India’s palm oil imports are likely to fall 15 per cent in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a …
Cheap vegetable oil import from neighbouring countries likely to hit India’s domestic refined oil price
Cheap imports of refined oils and vanaspati from South Asian Free Trade Area (SAFTA) member countries are resulting in distorted domestic refined oil prices, …