India is considering raising import taxes on crude and refined vegetable oils to protect local farmers and the refining industry, two government sources said, as purchases by the world's top importer are expected to hit a record this year.
The government could increase duties on both crude and refined vegetable oils by more than 5 percentage points, said one official who is involved in making the decision. India currently levies a 2.5 percent tax on crude vegetable oils and 10 percent on the refined variety. "We are considering an increase in the import tax, but it is not going to happen immediately because the official process will take some more time," another government official who is also directly involved said.

Source - http://cooks.ndtv.com