The Government has hiked the tariff value or base import price for most edible oils including RBD palmolein and crude soya oil in line with rise in global prices.
The hike in base import price ranged from $7 to $29 a tonne for edible oils.
The global edible oil prices have firmed up recently on concerns of weather affecting soyabean crop in Argentina.
The base price for refined, bleached and de-odourised (RBD) palmolein has been hiked by $7 to $870 a tonne. The Government had last revised the base price on RBD palmolein on January 24 to $863.
The base import price for crude palm oil now stands revised to $815 ($802 earlier). The base import price for RBD Palm Oil is now $860 from $853 earlier. For other palm oil, the base price now stands at $838 against $828.
For crude palmolein, the base import price has been hiked by $7 to $867. For other palmolein, the tariff value has been increased to $869 from the earlier $862.
The tariff value on crude soya oil has been hiked by $29 a tonne to $1,219.
The Government had recently imposed a 2.5 per cent duty on crude edible oils. However, the refined oils attract a duty of 7.5 per cent.
For metals such as gold and silver the tariff value has been hiked marginally.
Gold now attracts a tariff value of $545/10 gm against $543 earlier. For silver, the tariff value now stands at $1,018/kg against the earlier $999.