20/07/2012 (Press Trust of India) - The government today decided to defreeze the import tariff value on refined palm oil and link it to the global prices, a move aimed at curbing higher import of refined cooking oil and protect the domestic industry.

Tariff value is the base price on which custom duty is determined and is aimed to check under-invoicing by importers.

It is fixed every fortnight on the basis of global prices.