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INDIAN VANASPATI PRODUCERS CALL FOR CUT IN PALM OIL DUTY.
NEW DELHI, Dec 1 Asia Pulse - The Indian Vanaspati Producers' Association (IVPA) has asked for the custom duty on crude palm oil to be brought down to 20 per cent on actual user basis, in order to compete with vanaspati imported from Sri Lanka and Nepal.
In a representation to the government, IVPA said a correction should be made in the duty structure of palm oil, which is the main raw material in vanaspati manufacturing and should be brought down to 20 per cent on actual user basis.
"This is a long-term and sustained solution for correction of the unviable FTA terms with these countries," IVPA Executive Director I R Mehra said.
The association has sought restoration of NAFED as the main canalising agency and demanded reduction in the limit of ...
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Source: HighBeam Research, INDIAN VANASPATI PRODUCERS CALL FOR CUT IN PALM OIL DUTY.