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    Budget: Local refineries to be hit, soap firms to benefit

    While the government tried to synchronise the duty structure of by-products of edible oil refining with imported products, it is the domestic edible oil refineries that will be hit, reports Business Standard.
    March 04, 2011 / 14:20 IST

    While the government tried to synchronise the duty structure of by-products of edible oil refining with imported products, it is the domestic edible oil refineries that will be hit, reports Business Standard.

    The Finance Minister has announced removal of basic customs duty on de-oiled rice bran oil cake and imposition of 10 per cent export duty on the same. Crude palm stearin has also been exempted from basic customs duty when imported for use in manufacturing of laundry soap, the report adds.

    first published: Mar 4, 2011 02:18 pm

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