Government Extends Wheat Import Tax By 3 Months To June 30

NEW DELHI: India has extended a 25 per cent import tax on wheat by three months to June 30, a government order said on Tuesday.

The move is aimed at shielding domestic farmers from cheap imports particularly as wheat from the new-season harvest will become available by the end of this month, government sources told Reuters last week.

India, the world's biggest wheat producer after China, raised the import tax to 25 per cent from 10 per cent in October.

 

 

Source :economictimes.indiatimes.com