Solvent Extractor’s Association (SEA) has come up with its Pre-Budget Proposals and memorandum for the Oilseed Sector. The memorandum addresses the critical challenges in India’s oilseed sector and highlights measures that could be considered in the upcoming Union Budget to increase domestic oilseed production, reduce import dependence for edible oils, and promote value-added activities.
Key issues covered in the memorandum include:
• Imposition of uniform duty on all crude edible oils
• Regulation of duty-free edible oil imports from Nepal under SAFTA
• Restriction of import of finished products such as soap noodles at NIL duty from South-East Asia
• GST refund of unutilized Input Tax Credit (ITC) under the Inverted Duty Structure (IDS) for edible oils
• Rationalization of GST on De-Oiled Rice Bran (DORB)
• Creation of buffer stock of soybean to support the International Market Operations (IMO)
• Promotion of value-added products from soybean and other oilseeds
• Incentivization of export of oilmeal
• Encouragement of private participation and model farms in oilseed extension programs
• Full exploitation of non-traditional edible oil sources
• Inclusion of forest products in India–EU trade agreements
The memorandum has been prepared to support informed policy-making for the 2026–27 Union Budget and to strengthen India’s oilseed and edible oil sector.