“It is very disappointing that the exemption given to crude and refined vegetable oils from the additional CVD of 4%, was too insignificant amounting to only Rs 1400 per tonne. Consequently, there has been no visible impact on the current level of prices of edible oils,” Indian Vanaspati Producers’ Association said.
They have demanded to place vanaspati in the negative list for imports under all the existing free trade agreements (FTAs) and allow them to import crude palm oil against a concessional duty of 20% under actual user conditions.