Revision of import duty on refined edible oils of vegetable origin

No: ----- Dated: Jan, 09 2014

Revision of import duty on refined edible oils of vegetable origin

The Cabinet Committee on Economic Affairs has approved the proposal for increasing the import duty on refined edible oils of vegetable origin from the existing level of 7.5 percent to 10 percent.

The approval has been given in order to maintain a reasonable differential between import duty on crude and refined vegetable oils to protect the domestic refining industry and domestic farmers.