Avoid frequent tinkering with edible oil import duties: Report

POLICY CONSISTENCY SOUGHT

- SANDIP DAS

FREQUENT REVISIONS IN India’s import tariffs on edible oils distort the market, complicate import planning and raise transaction costs for refiners and traders, a report said on Tuesday.

Duty hikes lead to immediate retail price escalation, while duty cuts often produce incomplete or delayed relief for consumers, according tothe report titled ‘Tariffvolatilityandstakeholderdynamicsin India’s edible oil sector.