MUMBAI - India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement on Wednesday.
The government usually revises base import prices of edible oils, gold and silver every fortnight and the price is used to calculate the amount of tax an importer needs to pay.
The world's biggest edible oil importer has levied 40 percent duty on crude palm oil imports.
Commodity new tariff in $ old tariff in $ crude palm oil 545 540
RBD palm oil 577 569
RBD palmolein 582 573 crude soya oil 696 693
gold 412 417
silver 483 486 Tariff for all commodities is in $ per tonne, except for gold and silver. Gold tariff is $ per 10 grams and silver $ per kg.
(Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu) ((rajendra.jadhav@thomsonreuters.com; +91-22-6180-7153 ; Reuters Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))
