India to allow tax-free import of 4 million mt sunflower, soybean oil

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India has waived all taxes on an annual import of 2 million mt crude soybean oil and crude sunflower oil each, the finance ministry said May 24. The ruling comes into force from May 25 and will be effective for two years, until March 31, 2024, the ministry said in a notification. India is the world’s largest importer of vegetable…