New Delhi, Nov. 25 -- : Edible oil industry body The Solvent Extractors' Association of India has sent a memorandum to union commerce minister Piyush Goyal seeking a raise in import duty difference between crude palm oil and its refined variant.
Raising duty difference to 15 per cent from the current 7.5 per cent will provide a level playing field to domestic edible oil refiners, the association said in the memorandum to the minister.
"We would like to bring to your kind notice the plight of the Indian Palm Oil Refining industry which has the potential of seriously impacting the health of this sector which can have long-term ramifications," the memorandum which was sent earlier this week read.
India imports large quantities of palm oil f...