Tag: advocates

SEA advocates zero import duty on soybean, sunflower oil till September instead of TRQ system

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[ad_1] Stating that the Tariff Rate Quota (TRQ) for import of crude soybean and sunflower oils may hamper smooth supply chain of edible oils, industry body SEA on Thursday demanded that the government, instead of implementing the TRQ system, Make the import duty on both of them zero. Main cooking oil until September. TRQ is a quota for import quantities that will enter India at specified or zero duty, but once the quota is reached, the normal tariff is applied to additional imports. On May 24, the government had notified…