Govt allows import of wheat at 5% concessional rate
New Delhi, June 28 (UNI) The government announced its decision to allow import of wheat at a concessional rate of 5 per cent as against 50 per cent.
The decision was taken keeping in view the increase in prices of essential commodities especially sugar, pulses and wheat in the domestic market.
These imports will be allowed under OGL and quality standards remain the same as notified for public sector imports, said a government statement.
The concessional rate is valid till December 31, 2006.
The move came in the wake of reduction of import duties on pulses and sugar earlier. The increase in the prices of these products also has influence on the inflation.
Earlier, the government had allowed import of pulses at zero import duty till March 31, 2007. Subsequently, imports of sugar at zero basic customs duty had been allowed till September 30, 2006.
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