Base Import Price Of Palm Oil, Gold Reduced


India is the world’s greatest importer of edible oils and silver and the second-biggest client of gold.

Mumbai:

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 the planet market.

The authorities 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 $ Old 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, apart from gold and silver. The gold tariff is in $ per 10 grams and silver in $ per kg.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)



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