Government reduces import duty on crude, refined palm oil
Government has reduced import duty on refined palmolein from 50% to 45%, and on Crude Palm Oil (CPO) duty reduced from 40% to 37.5% with immediate effect. Duty cut has been made under the ASEAN agreement and the India-Malaysia Comprehensive Economic Cooperation Agreement. Due to reduction in duty, tax difference between CPO and refined palmolein is reduced from 10% to 7.5%.
Click on the Download link below to access complete article.Download Pdf
We have taken all steps to ensure that the information on the website has been obtained from reliable sources and is accurate. However, this website is not intended to give legal, tax, accounting or other professional guidance. We recommend appropriate advice be taken prior to initiating action on specific issues.