date:Apr 28, 2019
m oil from Malaysia and Indonesia. With effect from January 1, 2019, the import duty on refined palm oil from Malaysia and Indonesia was reduced to 45 per cent and 50 percent, respectively, from 54 percent earlier.
Besides, the import duty on crude palm oil from Malaysia and Indonesia was also decreased to 40 per cent from 44 percent earlier. This, in turn, reduced the duty difference between crude and refined palm oil from Malaysia to five percent from 10 per cent earlier, while the duty diffe