The government has dismissed the application filed by Solvent Extractors Association of India (SEAI) urging imposition of safeguards on imports of vegetable oils (edible grade) saying that it found the plea unnecessary.
It has also rejected setting up of a reference price mechanism for imposition of safeguard duty saying that the trigger price mechanism would penalize efficient producers and encourage inefficient producers.
B K Mishra, director general (safeguards), said the safeguard investigation concluded that the application only represented interest of one segment of industry. SEAI had sought protection based on landed costs of imports vis-