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      Question

      What was the Basic Customs Duty (BCD) on crude edible

      oils after the government’s revision?
      A 12% Correct Answer Incorrect Answer
      B 15% Correct Answer Incorrect Answer
      C 10% Correct Answer Incorrect Answer
      D 8% Correct Answer Incorrect Answer
      E 20% Correct Answer Incorrect Answer

      Solution

      The Central Government reduced the Basic Customs Duty (BCD) on imported crude edible oils (such as sunflower, soybean, and palm ) from 20% to 10% . This move aims to ease inflation , promote domestic refining , and reduce the cost to consumers. It also increased the duty differential with refined oils to 19.25% , creating a policy incentive to refine domestically.

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