Veg oil industry against cuts in import duty

FE reports

The vegetable oil industry has demanded the restoration of earlier duty structure for imports of palm oil. They have cautioned that any move for further cut in import duty for vegetable oils would spell a doom for growers as prices of oilseeds have started declining. The industry has demanded that the import duty on refined palm oil be restored back to 90% and that on crude palm oil to 80%.

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