Close X
Wednesday, November 27, 2024
ADVT 
India

In Tit-For-Tat, India Hikes Import Duties On US Agri Products

IANS, 21 Jun, 2018 01:29 PM
    In a retaliatory move, India has hiked customs duty on several goods, including Bengal gram, lentils and artemia, imported from the United States.
     
     
    The import duty hike would be effective from August 4, the Finance ministry said in a notification.
     
     
    The import duty on chickpeas and Bengal gram has been increased to 60 per cent, while that on lentils has been hiked to 30 per cent. The other products on which duties have been hiked include certain kind of nuts, iron and steel products, apples, pears, flat rolled products of stainless steel, other alloy steel, tube and pipe fittings, and screws, bolts and rivets.
     
     
    The duty on boric acid and binders for foundry moulds has been hiked to 7.5 per cent, while that on domestic reagents was raised to 10 per cent.
     
     
    Duty on artemia, a kind of shrimp, has been hiked to 15 per cent.
     
     
    However, there was no duty hike on motorcycles imported from the US.
     
     
    Last week, India had submitted to the WTO a revised list of 30 items on which it proposed to raise customs duties by up to 50 per cent.
     
     
    The move was in retaliation to the duty hike by the US on certain steel and aluminium products which had tariff implication of USD 241 million on India.
     
     
    The duty hike by India would have an equivalent tariff implications for the US.
     
     
    Sources said out of 30 items proposed, India has "excluded motorbikes above 800 cc. Now additional customs duties have been imposed on 29 items."
     
     
    On March 9, US President Donald Trump imposed heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war.
     
     
    India has said the duty imposed by the US has affected steel exports by USD 198.6 million and aluminium shipments by USD 42.4 million.
     
     
    India has also dragged the US to the World Trade Organisation's (WTO) dispute settlement mechanism over the imposition of import duties on steel and aluminium.
     
     
    India exports steel and aluminium products worth about USD 1.5 billion to the US every year.
     
     
    India's exports to the US in 2016-17 stood at USD 42.21 billion, while imports were USD 22.3 billion. 

    MORE India ARTICLES

    Gujarat Man Arrested For Uploading Video Of Communal Clash On YouTube

    Gujarat Man Arrested For Uploading Video Of Communal Clash On YouTube
    According to Vasava, Kadam had been earlier charged in 2016 in a case related to the burning of an effigy of Islamicpreacher Zakir Naik.

    Gujarat Man Arrested For Uploading Video Of Communal Clash On YouTube

    Elderly Woman Beaten Up And Thrown Out By Daughter, Son-In-Law In Gujarat

    An elderly woman was allegedly thrashed and dragged out of her house by her daughter and son- in-law in Gujarat's Chhotaudepur district, police said yesterday.

    Elderly Woman Beaten Up And Thrown Out By Daughter, Son-In-Law In Gujarat

    Coaching Centres In Chandigarh Barred From Giving Tuitions In Morning

    Coaching Centres In Chandigarh Barred From Giving Tuitions In Morning
    Private coaching centres in Chandigarh will not be permitted to give tuitions to school-going students from 8 am to 3 pm for 60 days from July 1 in public interest, a senior official said here today.

    Coaching Centres In Chandigarh Barred From Giving Tuitions In Morning

    AIIMS Topper From Punjab’s Sangrur Wants To Be A Cardiologist, Serve Hometown

    AIIMS Topper From Punjab’s Sangrur Wants To Be A Cardiologist, Serve Hometown
    Eliza Bansal (17) from Punjab's Sangrur district, who topped the prestigious AIIMS MBBS exam this year, wants to serve her hometown Lehragaga which faces a shortage of doctors, her family said today.

    AIIMS Topper From Punjab’s Sangrur Wants To Be A Cardiologist, Serve Hometown

    Ludhiana NRI Jimmy Sandhu Had Ketamine Unit In Goa

    Jimmy Sandhu, an NRI who hails from Ludhiana, who was arrested from a private hospital here by a team of the Directorate of Revenue Intelligence on June 14, is a key player of an international drug racket busted recently by the DRI, Mumbai zone.

    Ludhiana NRI Jimmy Sandhu Had Ketamine Unit In Goa

    Hang Godmen Involved In Illegal Activities, Says Baba Ramdev

    The Yoga guru further stated that donning saffron-coloured clothes is not the only criteria for being a religious leader.

    Hang Godmen Involved In Illegal Activities, Says Baba Ramdev