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Article: INDIA REVISES BASE PRICE FOR PALM OIL IMPORTS.
- Article from:
- AsiaPulse News
- Article date:
- November 18, 2003
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NEW DELHI, Nov 18 Asia Pulse - In line with the skyrocketing international prices of palm oils, India's Finance Ministry has for the third in a month has raised their base price for levying customs duty by a massive $32-40 a tonne.
It has also introduced a new category of "others- palmolein" for levying duty on the commodity, fixing its base price at per tonne, cost insurance and freight (CIF).
According to a notification issued by the Ministry, the base price for CPO (Crude Palm Oil) has been raised to $504 per tonne from $472 a tonne. That of RBD Palm Oil has been raised to $543 per tonne from $503 a tonne.
In case of "others" category of ...