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Hike in import duty on US produce to India to be applicable from Aug 4
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Friday, 22 June, 2018, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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The hike in import duty on agricultural produce from the United States, such as Bengal gram, lentils (masur) and chickpeas, has been notified by India and will be applicable with effect from August 4, 2018.
The duty has been hiked to 60 per cent for chickpea and Bengal gram, while for lentils it would be 30 per cent, which is an additional 10 per cent in each case.
The increase was not applicable only to agri produce, but to sea products as well. The notification stated that artemia, a kind of shrimp originating from the US, shall be placed in the 15 per cent duty bracket. Previously, it was five per cent.
Other products that will be affected by the Indian hike in tariffs include almonds (fresh and dried), on which an additional duty of 20 per cent will be levied, and fresh apple, on which an additional duty of 25 per cent will be levied. The latter now stands at 50 per cent.
The move was in retaliation to the US’ decision to increase the import duty levied on certain categories of products from India, which had a tariff implication of $241 on India.
Earlier, India notified the World Trade Organization (WTO) about the hike it has made in the duty.
The WTO notification stated that India hereby submitted a revision of Annexes I and II appended to its notification dated May 18, 2018, in which it notified the Council for Trade in Goods of its decision to suspend concessions and other obligations in accordance with Articles 8.2 and 12.5 of the Agreement on Safeguards.
This notification was made in connection with safeguard measures imposed by the United States of America (United States) on imports of certain aluminum and steel articles, vide Presidential Proclamation Numbers 9704 and 9705 (dated March 8, 2018), respectively with the effective date of March 23, 2018.
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