Business Standard

India defers higher duties on 29 key imports from US for 6th time

The new taxes are proposed to rake in an estimated $240 million worth of additional taxes

ships, maritime trade, sea route

A report confirmed that global merchandise trade conducted via the seas has been on the rise since 1975

Subhayan Chakraborty New Delhi
India has decided to again defer the imposition of higher duties on 29 key imports from the US, for the unprecedented sixth time.

Originally set to go live from June 28, 2018, the tariffs have been repeatedly postponed by the government and are now expected to take hold from April 1 as opposed to March 2.

Despite them being notified by the Central Board of Indirect Taxes and Customs, the tariffs have been postponed repeatedly. In the meantime, four delegation level talks with Washington DC have been unable to solve the issue.

In response to an unilateral increase in steel and aluminium duties

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First Published: Feb 27 2019 | 12:43 AM IST

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