Consider the following statements 1) The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2) The Government does not impose any customs duty on all the imported edible oils a special case. Which of the statements given above is/are correct-?

Question

CollectorBabu · Accepted Answer

Correct Answer: 1 only. ● The quantity of the imported oil is almost 60% of total oil consumption in India. ● Government imposes custom duty on several edible oil, such as palm oil.

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