March 1, 2017 / 1:25 PM / 5 months ago

India likely soon to impose 25 pct wheat import tax-sources

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NEW DELHI, March 1 (Reuters) - India is likely soon to impose an import tax of 25 percent on wheat, two government sources said on Wednesday, reinstating the tariff after a gap of nearly three months following big purchases from overseas in recent months.

India, the world's second-biggest wheat producer, lowered the import tax on the grain to 10 percent from 25 percent in September 2016 and scrapped the duty on Dec. 8 last year. (Reporting by Mayank Bhardwaj; Editing by Krishna N. Das)

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