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India Investigates Soybean Imports from Nigeria Over Tax Evasion Concerns

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India is investigating soybean imports from Nigeria after concerns that the cargo might have been mislabelled as Niger to avoid a 45% tariff, potentially putting Benin and Togo in line to replace Niger. The investigation comes amid reports of soybeans being imported into India with Nigerian labels but originating from Nigeria. This raises questions about tax evasion and the potential impact on local markets.

Last updated October 7, 2026 at 4:35 pm
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