Edible oil industry calls for action on Nepal imports
Even as India faces exorbitant tariffs from the United States, it faces another tariff challenge from an unlikely source – Nepal. The Indian Vegetable oil Producers’ Association (IVPA) said the duty-free import of edible oil from Nepal is posing a serious challenge to domestic players.
IVPA has asked the Government to impose bank guarantees equivalent to the applicable duty differential from the importers to ensure compliance with Rule of Origin guidelines.
Further, IVPA has sought an increase in the Agriculture Infrastructure and Development Cess (AIDC) on refined oil from 5 per cent to 10-15 p.c., channelise Nepalese imports through agencies like NAFED, and cap import volumes to restrain and regulate the imports from across the border.
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Source : The Hindu Business line
