Breaking News-RTRS-India considering tax on veg oil imports -minister

NEW DELHI, Oct 22 (Reuters) - India is considering to tax vegetable oil imports to protect the domestic industry from a slump in prices and lift a ban on exports, the farm minister said on Wednesday.
The Solvent Extractors' Association of India (SEA), an apex body of vegetable oil traders, has asked the government to impose a 30 percent import duty on crude palm oil, 37.5 percent on RBD palmolein and 20 percent on crude soybean oil.
Pawar said the government would consider reimposing import tax on vegetable oils, allow exports and scrap export tax on basmati rice after Diwali, or the festival of lights, Oct. 28.