Consider the following statements:<br/>1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.<br/>2. The Government does not impose any customs duty on all the imported edible oils as a special case.<br/><br/>Which of the statements given above is/are correct?

1. Correct. In the relevant recent years before the exam, India’s edible oil imports were very high and exceeded domestic edible oil production. India has been heavily import-dependent, especially for palm, soybean and sunflower oils.

2. Incorrect. The Government did not remove customs duty on all imported edible oils. It reduced duties on some edible oils at different times, but a blanket zero-duty exemption for all imported edible oils was not in force.

Therefore, only statement 1 is correct.