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Pre Budget Views News

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(17 Jul 2024, 15:54)

SEA highlights need to correct inverted duty structure on import of refined oil and finished products

Solvent Extractor’s Association or SEA has prepared a pre-budget memorandum, particularly emphasizing the need to correct the inverted duty structure on the import of refined oil and finished products such as stearic acid, refined glycerine, soap noodles, and oleic acid used by the soap industry. It has also suggested lifting the ban on the export of de-oiled rice bran and imposing a 5% GST on it to reduce misuse.
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