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

1. Statement 1 is correct. India has been a major importer of edible oils for many years. Data for the five years preceding 2018 consistently showed that the quantity of imported edible oils significantly exceeded the domestic production. 2. Statement 2 is incorrect. The Government *does* impose customs duty on imported edible oils. The rates are subject to change based on government policy and market conditions, but there is no general exemption or special case where *all* imported edible oils are free from customs duty.