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Informist, Sunday, Feb. 1, 2026

 

MUMBAI - Sandeep Bajoria, chief executive officer, Sunvin Group, said the following on the Union Budget for 2026-27 (Apr-Mar), presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Sunday:

 

There are no measures for oilseeds and edible oils in this Budget. The market had expected increase in allocation for oilseed sector. But we welcome the fact that there is no change in the custom duty. However, the Solvent Extractors' Association had urged for a uniform import duty across all crude edible oils, as the existing duty differences create market distortions in sourcing and substitution, undermining domestic refiners.

 

The effective import duty on refined edible oils including soybean, sunflower, and palm oil in India remains high at 35.75%, consisting of a 32.5?sic customs duty and additional cess and surcharges.  End

 

As told to Taniva Singha Roy
Filed by Tanima Banerjee

 

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