Question

    What is the effective import duty on edible oils after the recent government revision?

    A 10% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 27.5% Correct Answer Incorrect Answer
    D 32.5% Correct Answer Incorrect Answer
    E 15% Correct Answer Incorrect Answer

    Solution

    The government raised the effective import duty on edible oils to 27.5%, which is a combination of a basic duty increase from 0% to 20% and additional duties, to support domestic oilseed farmers.

    Practice Next

    Relevant for Exams: