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India can set a zero import duty on corn
Indian state-owned company MMTC Ltd has informed that local consumers, namely, starch producers and poultry farmers, it is planned to import corn at a lower tax rate.
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At the moment the country has a 60% import tax, but within the tariff quota, the import can be permitted at lower or zero percentage.

"Import will be arranged after notice to the government and MMTC with obtaining the necessary license," the report says.

Low rainfall and loss of crops herbal cutworms led to a reduction in maize production in India and higher prices. Perhaps for the first time from 2016 the government will reduce import tax.

In 2016, India has allowed state company PEC Ltd to import corn at a tariff quota with zero duty.

 

Photo: Apk-news.ru



Translated by service "Yandex.Translation"
Источники: IDK.Эксперт