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India has slashed the bottom import costs of crude and refined palm oil, crude soya oil and gold, the federal government stated in an announcement late on Friday, as costs corrected on this planet market.
The federal government revises base import costs of edible oils, gold and silver each fortnight, and the costs are used to calculate the quantity of tax an importer must pay.
India is the world’s greatest importer of edible oils and silver and the second-biggest client of gold.
Commodity New value in $ Outdated value in $
Crude palm oil 937 996
RBD palm oil 982 1,019
RBD palmolein 998 1,035
Crude soya oil 1,257 1,362
Gold 533 549
Silver 608 635
Base costs for all commodities are in $ per tonne, aside from gold and silver. The gold tariff is in $ per 10 grams and silver in $ per kg.
