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The Economic Times
The Economic Times

Niger or Nigeria? India probes soybean imports over suspected tax evasion, sources say

MUMBAI: Indian customs authorities are investigating a surge in soybean imports declared as originating in Niger, suspecting the cargoes came from Nigeria and were mislabelled to evade import tariffs, according to sources and a customs letter seen by Reuters.

Niger was the biggest declared supplier of soybeans to India in the first seven months of this year, trade ministry data showed, despite producing no significant quantity of the oilseed.

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