This is an archive article published on March 22, 2021
Hike import duty on palm stearin in line with CPO: Industry body SEA
Domestic players import CPO paying customs duty of 35.75 per cent as well as agricultural cess.
Palm stearin, a by-product of CPO, is used in the food industry for the production of bakery fats like Vanaspati and margarine shortenings. It is also used in the cosmetics and personal care industry. (Representative image, source: Reuters) Edible oil industry body SEA on Monday urged the government to impose an import duty of 35.75 per cent on Palm stearin in line with crude palm oil (CPO) to protect the domestic palm refining and oleochemicals industry.
Palm stearin, a by-product of CPO, is used in the food industry for the production of bakery fats like Vanaspati and margarine shortenings. It is also used in the cosmetics and personal care industry.
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Mumbai-based Solvent Extractors Association of India (SEA) President Atul Chaturvedi in a statement said while import of palm stearin and other by-products of CPO are allowed at zero duty, but the domestic players are manufacturing the same products from imported CPO
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