[ad_1] Indian rice prices have increased by 10 per cent in the last five days in both domestic and international markets. Bangladesh Reduced import duty and duty on rice from 62.5 per cent to 25 per cent, pushing Indian traders for export deals with the neighboring country. On June 22, Bangladesh came up with a notification that allows the import of non-basmati rice till October 31. This is the first time that Bangladesh has started importing rice. India It is feared so soon that India may impose restrictions on the…
Tag: duty
SEA advocates zero import duty on soybean, sunflower oil till September instead of TRQ system
[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…