Business
The government has no immediate plans to further increase import duty on wheat to 25 per cent as overseas purchase of the grain is not being undertaken even at the the current customs duty level.
Updated : Mar 25, 2018, 03:56 AM IST
The government has no immediate plans to further increase import duty on wheat to 25 per cent as overseas purchase of the grain is not being undertaken even at the the current customs duty level.
On March 28, import duty of 10 per cent was slapped on wheat to curb shipments in view of record domestic output at around 98 million tonnes in 2016-17 crop year (July-June).
Prior to that there was no duty at all for nearly four months.
"When imports are not happening at the existing import duty, there is no question of further increasing it. Moreover, we have not received any such proposal as of now," Food Minister Ram Vilas Paswan told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)