Govt extends concessional customs duty on edible oil import till March 2023

The Central Board of Indirect Taxes and Customs (CBIC) has extended existing concessional import duties on specified edible oils up to March 31, 2023. The government, in its notification, said that the move was aimed at increasing domestic supply and keeping prices under control. The concessional customs duty on edible oil import was also extended till March 2023.