Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Govt cuts import duty on crude palm oil to lower retail edible oil prices    </title>
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Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down..."/>
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     <meta property="og:description" content="-PTI/ The Hindu

Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down..." />
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.</em></p><p style="text-align:justify">The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market.</p><p style="text-align:justify">The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10% and refined palm oil to 37.5% with effect from Wednesday.</p><p style="text-align:justify">The effective duty, which includes cess and other charges, on crude palm oil will be 30.25%, while for refined palm oil it would be 41.25% from Wednesday.</p><p style="text-align:justify">&ldquo;This notification shall come into effect on 30th June 2021 and will remain in force up to and inclusive of the 30th September 2021,&rdquo; the CBIC said.</p><p style="text-align:justify">Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil).</p><p style="text-align:justify">&ldquo;To give relief to people, the Government has reduced customs duty on crude palm oil from 35.75% to 30.25% and refined palm oil from 49.5% to 41.25%. This will bring down the retail prices of edible oils in the market,&rdquo; the CBIC tweeted.</p><p style="text-align:justify">Solvent Extractors Association of India (SEA) Executive Director B.V. Mehta said, &ldquo;The government has tried to balance the interest of both consumers and farmers. It will give immediate relief to the poor, while farmers will be protected as duty will be again increased from October when the harvesting season begins&rdquo;.</p><p style="text-align:justify">The reduction in import duty of refined palm oil will not have much impact, as the inward shipments are restricted, he added.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true" title="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down..."/>
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Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

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    <h1 class="cat-box-title">Govt cuts import duty on crude palm oil to lower retail edible oil prices</h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.</em></p><p style="text-align:justify">The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market.</p><p style="text-align:justify">The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10% and refined palm oil to 37.5% with effect from Wednesday.</p><p style="text-align:justify">The effective duty, which includes cess and other charges, on crude palm oil will be 30.25%, while for refined palm oil it would be 41.25% from Wednesday.</p><p style="text-align:justify">&ldquo;This notification shall come into effect on 30th June 2021 and will remain in force up to and inclusive of the 30th September 2021,&rdquo; the CBIC said.</p><p style="text-align:justify">Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil).</p><p style="text-align:justify">&ldquo;To give relief to people, the Government has reduced customs duty on crude palm oil from 35.75% to 30.25% and refined palm oil from 49.5% to 41.25%. This will bring down the retail prices of edible oils in the market,&rdquo; the CBIC tweeted.</p><p style="text-align:justify">Solvent Extractors Association of India (SEA) Executive Director B.V. Mehta said, &ldquo;The government has tried to balance the interest of both consumers and farmers. It will give immediate relief to the poor, while farmers will be protected as duty will be again increased from October when the harvesting season begins&rdquo;.</p><p style="text-align:justify">The reduction in import duty of refined palm oil will not have much impact, as the inward shipments are restricted, he added.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true" title="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

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Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.

The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down..." />
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    <h1 class="cat-box-title">Govt cuts import duty on crude palm oil to lower retail edible oil prices</h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein.</em></p><p style="text-align:justify">The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market.</p><p style="text-align:justify">The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10% and refined palm oil to 37.5% with effect from Wednesday.</p><p style="text-align:justify">The effective duty, which includes cess and other charges, on crude palm oil will be 30.25%, while for refined palm oil it would be 41.25% from Wednesday.</p><p style="text-align:justify">&ldquo;This notification shall come into effect on 30th June 2021 and will remain in force up to and inclusive of the 30th September 2021,&rdquo; the CBIC said.</p><p style="text-align:justify">Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil).</p><p style="text-align:justify">&ldquo;To give relief to people, the Government has reduced customs duty on crude palm oil from 35.75% to 30.25% and refined palm oil from 49.5% to 41.25%. This will bring down the retail prices of edible oils in the market,&rdquo; the CBIC tweeted.</p><p style="text-align:justify">Solvent Extractors Association of India (SEA) Executive Director B.V. Mehta said, &ldquo;The government has tried to balance the interest of both consumers and farmers. It will give immediate relief to the poor, while farmers will be protected as duty will be again increased from October when the harvesting season begins&rdquo;.</p><p style="text-align:justify">The reduction in import duty of refined palm oil will not have much impact, as the inward shipments are restricted, he added.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true" title="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true" class="re" target="_blank">PTI/ The Hindu, 30 June, 2021, https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Govt cuts import duty on crude palm oil to lower retail edible oil prices

Published on Jun 30, 2021   Modified on Jun 30, 2021

-PTI/ The Hindu Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein. The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market. The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10% and refined palm oil to 37.5% with effect from Wednesday. The effective duty, which includes cess and other charges, on crude palm oil will be 30.25%, while for refined palm oil it would be 41.25% from Wednesday. “This notification shall come into effect on 30th June 2021 and will remain in force up to and inclusive of the 30th September 2021,” the CBIC said. Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil). “To give relief to people, the Government has reduced customs duty on crude palm oil from 35.75% to 30.25% and refined palm oil from 49.5% to 41.25%. This will bring down the retail prices of edible oils in the market,” the CBIC tweeted. Solvent Extractors Association of India (SEA) Executive Director B.V. Mehta said, “The government has tried to balance the interest of both consumers and farmers. It will give immediate relief to the poor, while farmers will be protected as duty will be again increased from October when the harvesting season begins”. The reduction in import duty of refined palm oil will not have much impact, as the inward shipments are restricted, he added. Please click here to read more.

PTI/ The Hindu, 30 June, 2021, https://www.thehindu.com/business/Industry/govt-cuts-import-duty-on-crude-palm-oil-to-lower-retail-edible-oil-prices/article35048200.ece?homepage=true

Tagged with: Customs duty Palm oil Central Board of Indirect Taxes and Customs CBIC Solvent Extractors Association of India

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