Agricultural infrastructure and development cess - Latest News Update, Information, Photos & Videos on Agricultural infrastructure and development cess at Lokmat Times

New Delhi, May 24 The Centre has allowed import of a quantity of 20 lakh tonne, each of crude soyabean oil and crude sunflower oil per year, for a period of two years at zero customs duty and Agricultural Infrastructure and Development Cess, an official note said on Tuesday.This move comes amid rising retail and wholesale inflation in the country, and the government believes it would give a significant relief to consumers.The notification will come into effect with immediate effect, the notification said.India fulfills a major portion of its edible oil requirements through imports. However, the ongoing war in Ukraine has led to short supply of sunflower oil as both the countries involved in the war - Russia and Ukraine - are its major producers.During the weekend, the government reduced excise duties on petrol and diesel, cut import duties on some raw materials needed for steel production, and announced subsidies for Ujjwala gas beneficiaries.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Agricultural Infrastructure And Development CessFOLLOW

Agricultural infrastructure and development cess, Latest News

International :Centre puts limit on sugar exports

New Delhi, May 25 The Centre has placed a cap on the export of sugar under the "restricted" ... ...

Politics :Centre allows duty-free imports of 20 lakh tonne crude soy, sunflower oil each

New Delhi, May 24 The Centre has allowed import of a quantity of 20 lakh tonne, each of ... ...