Question

The Central Government of India has reduced Agricultural Infrastructure Development Cess (AIDC) on Crude Palm Oil (CPO) from 7.5% to _________ with effect from 12th February 2022?

• A. 5%
• B. 3%
• C. 4%
• D. 6%

Answer 1

Answer:

A. 5%

• On February 12, 2022, the Indian government reduced the Agricultural Infrastructure and Development Cess (AIDC) on Crude Palm Oil (CPO) from 7.5% to 5% to provide relief to consumers and prevent further price increases in domestic edible oils