Breaking News-RTRS-INTERVIEW-UPDATE 1-India may consider import tax crude palm oil

NEW DELHI, July 3 (Reuters) - India may impose a nominal tax on crude palm oil imports and marginally raise the levy on refined oils, top industry analyst Dorab Mistry said.
India, the world's second-biggest vegetable oils buyer after China, allowed tax-free imports of crude palm oil late last year and cut the duty on refined oils to 7.5 percent.
Local industry is seeking higher import taxes, which would also increase government revenue, but analysts say worries of weak monsoon rains and lower crop would discourage higher taxes.
"The government may think of a nominal duty on crude palm oil and some marginal increase in the duty on vegetable oils," London-based Mistry, whose forecasts are closely watched by the industry, told Reuters in an interview on Friday.