Customs duty on crude edible oils cut

The government on Wednesday scrapped basic customs duty on crude varieties of palm, soyabean and sunflower oil till March 2022 and also slashed agri-cess on these items in a move aimed at bringing down prices during the festive season. Edible oil industry body, SEA, said retail prices of edible oils could now come down by Rs 10 to Rs 15 per litre soon.