India to impose retaliatory tariff on 29 US items

15 June 2019 12:00 am - 0     - {{hitsCtrl.values.hits}}

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The Hindustan Times, 14 June, 2019  
After extending the deadline for several times, India has decided to impose additional customs duties on 29 US products, including almond, walnut and pulses, with effect from June 16, sources said.  


A notification with this regard will be issued by the finance ministry soon, they added.  


The move will hurt American exporters of these 29 items as they have to pay duties on these products. India would get about USD 217 million additional revenue from such imports.  


The government had on June 21, 2018 decided to impose these duties in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products.  
India has informed the US about its decision to go ahead with the retaliatory duties, the 
sources said.

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