Masur prices may remain range bound as Govt cuts import duty

UPSC Practice recommends Masur prices may remain range bound as Govt cuts import duty.

"The basic customs duty has been reduced from 10% to nil on Lentils (Masur) originated in or exported from countries other than the USA. Also, the basic customs duty has been reduced from 30% to 20% on masur originating in or exported from the USA. The Agriculture Infrastructure Development Cess on masur has been reduced from the present rate of 20% to 10%," the notification said.

Courtesy: News-Economic Times

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