The gadgets on which the retaliatory tax has been eliminated embody lentils, almonds, walnuts and apples.
New Delhi:
The essential customs duties and different levies will proceed on eight merchandise, together with apple and walnut from the US in addition to different nations, a senior authorities official mentioned on Friday.
Further Secretary within the Division of Commerce Peeyush Kumar mentioned that India had imposed retaliatory customs duties on 28 American merchandise in 2019 in opposition to US measure to impose duties on sure metal and aluminium merchandise.
He added that India has withdrawn solely retaliatory responsibility on eight merchandise – chickpeas, lentils, almonds, walnuts, apples, boric acid, diagnostic reagents – in 2023 and the worth of imports into India from the US stood at $1.08 billion in 2022-23.
In return, India has gained market entry for indefinite interval into the US by means of commitments for granting approval to 70 per cent and 80 per cent of exclusion requests, respectively, for Indian metal and aluminum merchandise.
Whole quantity authorised is 3.36 lakh MT (metric tones) and its complete worth is $ 1.01 billion, Mr Kumar instructed reporters right here.
“The prevailing BCD (primary customs responsibility) charges for all of the eight merchandise together with relevant surcharge, cess, IGST, and so on. prevails for these imports from all of the nations together with the US,” he mentioned.
As well as, he mentioned, Indian apples could be shielded in opposition to dumping of low high quality and predatory pricing by means of the Minimal Import Worth (MIP) of Rs 50 per kilogramme for imports from all nations besides Bhutan.
The retaliatory duties eliminated are 10 per cent on chickpeas, 20 per cent on lentils, Rs 7-20 per kg on almonds,; and 20 per cent every on walnuts, apple, boric acid, and diagnostic reagents.
The BCD on these items are 60 per cent on chickpeas, 30 per cent on lentils, Rs 35-100 per kg on almonds, Rs 100 per cent on walnut; 50 per cent every on apples, 7.5 per cent on boric acid, and 10 per cent on diagnostic reagents.
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