Question
Recently Indian government has extended policy to allow
imports of lentils and vegetable oils such as palm oil, soy oil and sunflower oil at lower taxes by the year until _________.Solution
India has extended policy to allow imports of lentils and vegetable oils such as palm oil, soyoil and sunflower oil at lower taxes by a year until March 2024. The south Asian country currently levies 5.5% tax on crude palm oil imports, down from 35.75% at the start of 2021. The country imports palm oil mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.
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