Sunflower oil

In the wake of upcoming festivals, the Indian government has announced to reduce the base import taxes on edible oils such as palm oil, soy oil, and sunflower oil. Reportedly, the government has reduced the taxes from 10% to 2.5% on crude palm oil, and 2.5% from 7.5% on crude soy and sunflower oil. Moreover, the tax on refined grades of the three oils is reduced to 32.5%.