A substantial reduction in tariffs on European cars entering India has emerged as one of the key gains of the historic FTA between India and the European Union. From the hefty import duty of 110 per cent to 10 per cent, the drop is being viewed as a big relief for the Indian customerss.
He also urged that quantitative restrictions should be imposed on imported apples.
Think tank GTRI said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached.
President Donald Trump on Thursday announced he is pausing new tariff hikes on imports from Mexico after a phone call with President Claudia Sheinbaum.
The government on Saturday imposed a 40% export duty on onion exports till December 31. The announcement regarding onion exports…
It has also sought import duty cut for the medical equipment which are not produced in the country.
Shares of Jet Airways tumbled 4.82 per cent, SpiceJet 1.95 per cent and InterGlobe Aviation 1.27 per cent on BSE.
The other items include washing machines, speakers, radial car tyres, jewellery items, kitchen and tableware, certain plastic goods, and suitcases.
The Centre government’s decision to hike import duty of apples and other items from United States (US) has brought cheers…
In less than 15 days after expressing his disappointment over India’s tariff structure on India’s import of American motorcycles, US…
