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Centre allows duty free import of 20 Lakh MT crude soyabean, sunflower oil

The announcement comes in the wake of a surge in edible oil prices in India

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To provide required relief to consumers, the Central Government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 Lakh metric tonnes yearly import of crude soyabean and sunflower oil.

According to the Finance Ministry notification, the order will come into force on May 25, 2022, and shall cease to apply after March 31, 2024.

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