RTRS-India issues order to scrap crude soyoil import tax

NEW DELHI, March 25 - The Indian government has issued a formal order to abolish a 20 percent import tax on crude soyoil, a senior government official said on Wednesday.
"Orders have been issued and a notification on the official website should be uploaded anytime," the official at the Central Board of Excise and Customs said, confirming a report in the Hindu Business Line newspaper.
Trade Secretary G.K. Pillai said last week the government had cut the import duty on crude soyoil to keep domestic prices stable.
Imports of crude palm oil are not taxed, while that of refined vegetable oils attract a duty of 7.5 percent.