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Groundnut oil
Sunflower oil
Corn oil
Mustard oil
Rapeseed oil
Soybean oil
Safflower oil
• Though the production of oil seeds have increased, there is still a deficit in the domestic demand and supply of oil seeds
• The domestic supply of oil seeds in India is more than 5 million tonnes whereas the demand is more than 10 million tonnes
• The Central Government permits liberal import of oil seeds in order to avoid any scarcity
• With the onset of the liberalization policy, the import policy pertaining to the edible oils was transformed
• The import duty on edible oils used in the manufacturing of vanaspati was raised by 50%
• The under performing vanaspati manufacturing units was not included in this revision
• The duty was increased to 85% in case of the refined oils, apart from refined mustard oil and refined soybean oil
• The Special Additional Duty (SAD) was imposed at a rate of 4% on the import of edible oils