MMTC plans to import corn at lower duties
Updated : February 18, 2019 02:08 PM IST
India imposes 60 percent tax on overseas buying of corn but under the tariff rate quota, it can allow imports at lower or zero duty.
MMTC has asked consumers to provide their requirement details and consent authorising MMTC to import corn on their behalf, the trader said in a statement.
In 2016, India had allowed state-run PEC Ltd to import corn under the tariff rate quota at zero percent duty.