|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
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)