7 months ago
SEA Seeks Budget Measures to Protect Edible Oil Sector
The Solvent Extractors’ Association of India (SEA) has asked the government to make some changes in the upcoming Budget to help the edible oil sector.
They want the same tax rate on all types of crude edible oils to make things fair.
They also want to control the import of edible oils from Nepal because too many imports are hurting local farmers and businesses.
SEA suggested that the government should strictly follow the rules about where the imported oils come from.
They also want the government to spend more money to buy soybean at a fair price from farmers.
Additionally, they want to fix a tax issue with a product called de-oiled ricebran to stop cheating and make things fair for everyone in the business.
SEA seeks uniform duty of 16.5% on all crude edible oils to avoid market distortions.
Proposes regulating duty-free edible oil imports from Nepal to protect domestic refining and farmers.
Requests a ₹5,000 crore fund for soybean MSP procurement to support farmers.
Suggests imposing 5% GST on de-oiled ricebran to curb tax anomalies and revenue leakage.
Asks for GST refund of unutilized input tax credit for edible oils under the inverted duty structure.
- Who
- Solvent Extractors’ Association of India (SEA)
- What
- Requested policy interventions in the upcoming Budget to support the domestic edible oil sector
- Where
- India
- When
- January 29, 2026
- Why
- To strengthen farmer realization, encourage domestic processing, ensure tax and trade neutrality, and reduce import dependence
Key facts
- Organization
- Solvent Extractors’ Association of India (SEA)
- Budget Year
- 2026-27
- Uniform Duty Request
- 16.5% on all crude edible oils
- Nepal Imports
- Regulate duty-free imports under SAFTA
- Soybean MSP
- ₹5,328 per quintal
- DORB GST
- Proposed 5% GST on de-oiled ricebran
- Requested Fund
- ₹5,000 crore for soybean MSP procurement
Quotes
Sudhakar Desai
President of the Indian Vegetable Oil Producers Association (IVPA)
“We also expect the budgetary outlay for the NMEO-OP be extended from its 2025-26 deadline to 2030-31. This three-year extension would be helpful to mitigate delays in the projects caused by sapling shortages and infrastructural challenges, ensuring the longer-term success of the mission and the targets set under the scheme.”
thehindubusinessline.com
Sources
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