The vanaspati industry has urged the government to reduce Customs duty on crude palm oil, its main raw material, and raise it on finished vanaspati to provide a level playing field for the indigenous and imported product. | |
| At present, the import duty on crude palm oil is 65 per cent, while it is merely 30 per cent on manufactured vanaspati. The discrepancy makes it difficult for locally-produced vanaspati to compete with imported product. |
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| The disparity has been brought to the finance ministry's notice by the Vanaspati Manufacturers' Association of India (VMA) in its pre-Budget memorandum. |
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