<h1>Govt Cuts Crude Edible Oil Import Duty to 10%, Aims to Stabilize Cooking Oil Prices and Boost Local Processing Capacity</h1> The government reduced basic customs duty on crude edible oils from 20% to 10% to lower cooking oil prices and protect domestic processing industries. The move aims to help local refiners utilize capacity and reduce retail prices. India imports over 50% of its edible oil requirements, primarily palm oil from Malaysia and Indonesia. Industry associations welcomed the decision, seeing it as a strategy to support domestic oil production and manage refined oil imports.