The government has no immediate plans to hike import duty on edible oils. Food Minister K V Thomas told this to reporters in New Delhi today when asked if the ministry has any plans to change the import tariff structure.
AIR correspondent reports, industry body Solvent Extractors' Association of India in its representation to Finance, Commerce and Food Ministries last week had sought increase in import duty to 20 per cent on refined vegetable oil and 10 per cent on crude. India, the world's largest edible oil importer, has zero import tariff on crude oil and 7.5 per cent on refined oil.