<h1>India Revises Tariff Values on Imported Edible Oils to Match Global Prices, Boosting Import Revenue and Domestic Refining.</h1> The Cabinet Committee on Economic Affairs of India has approved the revision of tariff values for imported edible oils, including various types of palm and soybean oils. This decision will align tariff values with current international prices, positively impacting import duty revenue and supporting the domestic refining industry. Previously, since July 2006, tariff values remained unchanged to control inflation, leading to discrepancies between notified tariff values and actual international prices. The adjustment aims to rectify these differences and enhance economic conditions for domestic producers.