Close X
Sunday, December 1, 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

    Jobless Gold Medallist Sanjeev Rajput Looking For Haryana Government Support

    Jobless Gold Medallist Sanjeev Rajput Looking For Haryana Government Support
    Without a job for 10 months now, Rajput has been through rough times ever since a case of rape was registered against him by a fellow shooter in December 2016.

    Jobless Gold Medallist Sanjeev Rajput Looking For Haryana Government Support

    Uttarakhand: Monkey Attacks Woman At Railway Platform, She Flees And Is Run Over By Train

    Uttarakhand: Monkey Attacks Woman At Railway Platform, She Flees And Is Run Over By Train
    A 43-year-old woman was run over by an oncoming train while she was fleeing from a monkey that had attacked her at Hempur depot railway station in Uttarakhand’s Udham Singh Nagar district, Wednesday, a senior official said.

    Uttarakhand: Monkey Attacks Woman At Railway Platform, She Flees And Is Run Over By Train

    Punjab: 15-Year-Old Girl 'Raped', Murdered By Unidentified Persons In Gurdaspur Village

    Punjab: 15-Year-Old Girl 'Raped', Murdered By Unidentified Persons In Gurdaspur Village
    A 15-year-old school girl was murdered after she was suspected to be raped by unidentified persons at Manepur village of Gurdaspur district.

    Punjab: 15-Year-Old Girl 'Raped', Murdered By Unidentified Persons In Gurdaspur Village

    Missing Manipur Man Found In Mumbai After 40 Years, All Thanks To YouTube

    Missing Manipur Man Found In Mumbai After 40 Years, All Thanks To YouTube
    Forty years after he went missing, a 66-year-old Manipuri man is all set to be reunited with his family -- thanks to a video clip posted on YouTube. Here is his incredible story.

    Missing Manipur Man Found In Mumbai After 40 Years, All Thanks To YouTube

    8 Girls Held Captive, Tortured In A Flat In Goa, Woman Arrested

    8 Girls Held Captive, Tortured In A Flat In Goa, Woman Arrested
    The girls, all in the age group of six to 12 years, were also allegedly beaten up with a pipe by a 65-year-old woman who claimed to have adopted them.

    8 Girls Held Captive, Tortured In A Flat In Goa, Woman Arrested

    Man Strangles One-And-Half-Year Old Daughter To Death

    Man Strangles One-And-Half-Year Old Daughter To Death
    He took them to a nearby forest in the night and allegedly strangled his younger daughter to death.

    Man Strangles One-And-Half-Year Old Daughter To Death