date:Jan 18, 2013
The Cabinet Committee on Economic Affairs (CCEA) has approved the defreezing of the tariff values of all edible oils, including crude, refined bleached deodorised (RBD) and other varieties of palm oil, crude and other varieties of palmolein and crude soyabean oil, and the notification of the same on the basis of their prevailing international prices.
An alignment of the notified tariff values with international prices will have a positive impact on the duty collected from import of edible oils