date:Aug 13, 2018
ms duty works out to Rs 24,957 a tonne. The current Indore price of refined soybean oil stands at Rs 74,500 a tonne, while the same oil imported from Bangladesh at zero duty at $930 works out to Rs 63,742 a tonne or cheaper by about Rs 11,000 a tonne, said Davish Jain, chairman, Soybean Processors Association.
The industry contends that traders in neighbouring countries, primarily in Bangladesh, have been under-invoicing imported vegetable oil from the primary producing countries of Indonesia,