<p>India has slashed the base import prices of crude and refined palm oil while raising the price of crude soy oil, the government said in a statement late on Tuesday.</p>.<p>The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.</p>.<p>India, the world's biggest edible oils importer, last week allowed duty-free imports 2 million tonnes of soyoil.</p>
<p>India has slashed the base import prices of crude and refined palm oil while raising the price of crude soy oil, the government said in a statement late on Tuesday.</p>.<p>The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.</p>.<p>India, the world's biggest edible oils importer, last week allowed duty-free imports 2 million tonnes of soyoil.</p>