AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityAll edible oils

Date01/01/2013

Policy CategoryTrade

Policy InstrumentImport policy

DescriptionReinstated import duties on crude vegetable oils and changed method for calculating the base import price for crude palm oil and soyoil, now to be based on their actual value, thereby doubling the level of duties collected. Move aims to protect farmers and encourage domestic production.