|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
NEW DELHI, Jan 17 (Reuters) - India has decided to lift a freeze on the taxable value of edible oils including crude palm oil, a government statement said on Thursday.
India will revise the base price used to calculate import taxes for CPO on a fortnightly basis now onwards as result of this revision.
The current base price for CPO stands at $447 per tonne, unchanged for last six years.
India has also decided to slap a 2.5 percent import duty on CPO to stem cheap imports and protect its domestic oilseed growers.
(Reporting by Ratnajyoti Dutta; Editing by Jo Winterbottom)