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)