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India extends retaliatory tariff dates
National

India extends retaliatory tariff dates

Pennews

The Indian  Government has  again extended its deadline to impose retaliatory import duties on 29 US products, that  include almond, walnut and pulses, till June 16.

According to a Finance Ministry notification, implementation of increased customs duty on specified imports originating in the US has been postponed from May 16 to June 16..

These deadlines had been extended several times since June 2018, when India decided to impose duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium products.

This extension comes against the backdrop of the US decision to withdraw export incentives being provided to Indian exporters under Generalised System of Preferences programme, which is expected to impact India’s exports to the US.