Government has hiked import duty on crude and refined edible oils by 5% in a bid to protect farmers' interest and provide a level-playing field to domestic oilseed processors.
Customs or import duty on edible oil in all categories has been increased by 5%, according to Central Board of Excise and Customs (CBEC). Duty on crude edible oil has been increased from 7.5% to 12.5% and on refined edible oil from 15% to 20%.