India has decided to impose additional custom duty on American products. India has added 29 products in this list. It contains many food ingredients.
India has decided to impose additional custom duty on 29 US products. This list includes almonds, walnuts and pulses. Additional custom duty will be levied on all these products from June 16. According to sources, after increasing the time limit several times, India has finally decided to impose additional customs duty on 29 American products. From June 16 this charge will be applicable, including almonds, walnuts and pulses. A notification related to this will be issued soon through the Ministry of Finance.
At the same time, this move of India will harm the 29 exporters of 29 items as they have to pay the fee on these products. With this kind of imports, India will get an additional revenue of approximately $ 217 million. The sources said that India has given information to the US about its decision.
Let us tell you that the US had imposed a 10 per cent import duty on steel in 25 per cent and 10 per cent on aluminum products in March last year. India is one of the major exporters of these items in the US, due to which the move of the US has affected India's revenues. In response, India has now decided to impose additional customs duty on 29 American products.
