The edible oil sector wants a greater tariff on refined palm oil than on crude palm oil.

Solvent Extractors Association of India has sent a memo to union commerce minister Piyush Goyal . The group said that increasing duty difference to 15% would provide a level playing field to domestic edible oil refiners .

New Delhi, India, November 25, : The Solvent Extractors Association of India has sent a memo to union commerce minister Piyush Goyal requesting a reduction in import duty difference between crude palm oil and its refined form, the group said in a memo to the minister.In the memo sent earlier this week, the association said that increasing duty difference to 15% would provide a level playing field to domestic edible oil refiners.According to the report, importing crude palm oil contributes to value addition in the region, as well as employment.The memorandum explained how imports of the refined form of palm oil in the recently concluded oil year (September-October) have skyrocketed and increased by 168 per cent.It should be said that this import of finished products is in violation of our national interests and is severely impacting our palm refining industry's capacity utilization.

According to the association, the import duty difference between CPO and palmolein, which is 7.5%, is insufficient to prohibit the imports of palmolein, it says.In summary, the association believes that the 15% duty difference will help reduce palmolein imports and replace the same with crude palm oil imports.Rather, it would boost capacity utilization and employment growth in our region.India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60% of its demand by imports.

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