India slashes base import price of palm oil, gold

by: Sayantan Barua

India slashes base import price of palm oil, gold

India slashes base import price of palm oil, gold

by: Sayantan Barua

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TW Newsdesk, Oct 1: India has reportedly slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government stated in a statement, as prices corrected in the world market.

The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer requires to pay. India is the world’s largest importer of edible oils and silver and the second-biggest consumer of gold.

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