Palm oil and gold import base prices have been reduced.

• Image Credit: Internet

• Oct 1, 2022 | Sourav Boruah

Digital
Desk: Every two weeks, the government revises the base import prices of edible
oils, gold, and silver, and these prices are used to calculate the amount of
tax that an importer must pay.

 India has
reduced the base import prices of crude and refined palm oil, crude soya oil,
and gold, the government announced late Friday, as prices in the global market
corrected.

Every two weeks, the government revises the base import
prices of edible oils, gold, and silver, and these prices are used to calculate
the amount of tax that an importer must pay.

India is the world's largest importer of edible oils and
silver, as well as the world's second-largest consumer of gold.

Commodity New price in $ Previous price in $

937 996 RBD crude palm oil 982 1,019 RBD palm oil 998 1,035
palmolein