The vanaspati industry has strongly criticised the proposed imposition of eight per cent excise duty on vanaspati and has urged finance minister Jaswant Singh to roll back the imposition of duty.
It has also asked for reduction in customs duty on crude palm oil for the manufacture of vanaspati to provide a level playing field in a scenario where refined palm oil and cheaper vanaspati were being imported from Nepal.
A statement issued by the Indian Vanaspati Producers