The government has conducted an inquiry into the increase in palm oil imports from Malaysia

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New delhi date. August 16, 2019, Friday

On the complaint of the Solvent Extractors' Association of India (C), the Government of India has launched an investigation into the increased import of certain types of palm oil from Malaysia.

The Department of Commerce's Investigation Branch Directorate General of Trade Remedies (DGTR) said that after examining the applicant's application, it was found that imports had increased drastically and caused huge damage to domestic manufacturers.

In its own investigation, Directorate will investigate whether imports of refined bleached deodorized palmine and refined bleached deodorized palm oil have increased significantly and are causing damage to domestic manufacturers. If the domestic companies are affected by the increase in imports, the Directorate will recommend the imposition of safeguard duty on Palm Oil.

RBD Palmoline's income in the country has increased as a result of the duty relief given to Palmoline to Malaysia. Imports of palmolin from Malaysia have increased from ten percent to five percent while the duty gap between CPOs and Palmolines coming from Malaysia has increased from ten percent. The India-Malaysia CEC has bridged the gap under the agreement.

India's edible oil imports in July grew by 5 per cent to 5 lakh tonnes annually. Palm oil imports stood at 5 tonnes and soy oil imports stood at 8 tonnes. The supply of RBD pamolin has increased in India over the past few months due to the benefits of duty paid to Palmoline to Malaysia.

The duty difference between CPOs and Palmolines coming from Malaysia has been reduced from 5% under the Indo-Malaysia CEC agreement to 5% for imports of Palmoline from Malaysia.


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