The National Board of Revenue (NBR) is set to impose a fresh 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply.
An NBR notification may come this week to boost the oil’s domestic supply
Local exporters are apprehending losing annual business worth $200 crore for a recent commerce ministry gazette barring rice bran oil export, for which a large number of letters of credit (LC) opened by foreign buyers have been blocked.
The National Board of Revenue (NBR) is set to impose a fresh 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply.
An NBR notification may come this week to boost the oil’s domestic supply
Local exporters are apprehending losing annual business worth $200 crore for a recent commerce ministry gazette barring rice bran oil export, for which a large number of letters of credit (LC) opened by foreign buyers have been blocked.
