|
|
Article: INDIA'S BASE PRICE FOR EDIBLE OILS TARIFFS CUT BY US$34-63 A TON.
- Article from:
- AsiaPulse News
- Article date:
- May 15, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW DELHI, May 15 Asia Pulse - India, the world's largest importer of edible oils, Wednesday slashed the base price at which import tariff is imposed on palm oils and crude soya oil by US$34-63 a tonne in line with the international prices.
The move will make imported oils cheaper and should have a sobering effect on domestic prices, traders said here.
The base price (tariff value) at which import duty is levied has been cut for crude palm oil (CPO) to $390, down from $432 a tonne CIF (Cost, Insurance and Freight).
According to a notification issued by the Finance Ministry, the base price for RBD (Refined, Bleached and Deodorised) Palmolein has ...