NEW DELHI, June 17 (Xinhua/GNA) — India’s newly increased
tariffs on 28 American goods came into effect from Sunday, as a
retaliatory measure to Washington’s recent refusal to exempt
India from higher steel and aluminum tariffs.
India on Saturday night officially announced to hike import
taxes on as many as 28 American goods following the United States
ending preferential trade treatment for India.
By imposing the hiked tariffs, India would earn about 217
million U.S. dollars additional revenue from such imports, which
is equivalent to what the United States would pocket by imposing
higher tariffs on imports of steel and aluminum from India.
In a “Notification” issued by the Department of Revenue of the
Ministry of Finance late Saturday night, the Indian government
said that customs duty was hiked on as many as 28 American
products, thus making these items costlier in the Indian market.
The items include almonds, apples, acids and chemicals, official
sources from the ministry said. Earlier, the list comprised 29
items, “but one item has been dropped,” an official from the
country’s Ministry of Commerce and Industry said.
India removed “Artemia,” a kind of shrimp, from the list.
Amending its earlier notification issued on June 30, 2017, the
Central Board of Indirect Taxes and Customs (CBIC) under the
Finance Ministry’s Department of Revenue said last night that the
fresh Notification will implement the imposition of retaliatory
duties on 28 specified goods, originating in or exported from the
United States, and preserve the existing MFN (most favoured
nation) rate for all these goods for all countries other than the
The Indian government on June 21 last year decided to impose
these duties in retaliation to the U.S. decision of significantly
hiking customs duties on certain steel and aluminium products. In
March 2018, the United States imposed 25 percent tariff on steel
and 10 percent on aluminium products.
Earlier, there was no duty on these goods. This had pushed India
to impose retaliatory tariffs on U.S. products in a bid to come
at par with the United States in terms of additional custom duty
According to official sources from the government, the country
had delayed imposition of customs duty at least eight times in
the hope that the U.S. administration would budge.
Finally, India decided to “implement the imposition of
retaliatory duties on 28 specified goods originating in or
exported from U.S.,” the official sources said.