The Minister of Commerce informed Rajya Sabha about the Buying of Palm Oil from Malaysia.
About:
Directorate General of Foreign Trade has issued a Notification dated 8th January 2020 amending the import policy of Refined Palm Oil (HS 15119010), Refined Palmolein (HS 15119020) and Other (HS 15119090) from ‘Free’ to ‘Restricted’.
India has cut import duty on crude palm oil (CPO) and refined, bleached and deodorised (RBD) palm oil, and also moved RBD oil from the “free” to the “restricted” list of imports.
This notification is applicable on import from all countries. The import of RBD palm oil has been restricted, not banned — and this is from all countries, not just Malaysia.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
