The government on Tuesday said that the removal of additional retaliatory duties on imports of US apples, walnuts and almonds will not result in any negative impact on domestic producers.
Additional Secretary in the Department of Commerce Peeyush Kumar said the Most Favoured Nation duty of 50 per cent and 100 per cent continues to be applicable on US apples and walnuts as only additional 20 per cent duty is removed.
There is no reduction on the Most Favoured Nation (MFN) duty on apples, walnuts and almonds, which still applies to all imported products, including US-origin products, he added.
"This measure will not result in any negative impact on domestic apple, walnut and almond producers. Rather, it will result in competition in the premium market segment of apples, walnuts and almonds, thereby ensuring better quality at competitive prices for our Indian consumers," he told reporters here.
The market share of the US apples dwindled as other countries benefited from the imposition of additional retaliatory duties on the US apple and walnut imports.
He added that the removal of additional duties will now ensure fair competition among the countries which are exporting these products to India.
The clarification has come amid the opposition Congress criticising the government's decision to reduce import duty on apples.
The Centre has reduced the import duty on the Washington apple, which will also directly affect the horticulturalists of the State, thereby causing losses to them, the Congress said.
National Conference leader Omar Abdullah on Monday appealed to the Centre to reconsider its decision to remove the additional duty on apples, walnuts and almonds imported from the US, saying the government should try to make its own people happy instead of pleasing foreigners.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)