Govt hikes import duty on edible oil by 5%

Customs or import duty on edible oil in all categories has been increased by 5 per cent, Central Board of Excise and Customs said in a notification.

Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent.


The revision in duty follows review of the situation by Revenue Secretary Hasmukh Adhia on Wednesday.

According to industry estimates, edible oil imports are likely to increase to 14 million tonnes in...

Govt hikes import duty on edible oil by 5%