India’s shock to US, additional custom duty on 29 products

India has decided to impose an additional customs duty on American products. India has added 29 products in this list. It contains many food ingredients.

India has decided to impose an additional customs duty on American products. India has added 29 products in this list. It contains many food ingredients.

India has decided to impose an additional customs duty on 29 US products. This list includes almonds, walnuts, and pulses. Additional custom duty will be levied on all these products from June 16. According to sources, after increasing the time limit several times, India has finally decided to impose additional customs duty on 29 American products. From June 16 this charge will be applicable, including almonds, walnuts, and pulses. A notification related to this will be issued soon through the Ministry of Finance.

At the same time, this move of India will harm the 29 exporters of 29 items as they have to pay the fee on these products. With this kind of imports, India will get additional revenue of approximately $ 217 million. The sources said that India has given information to the US about its decision.

Let us state that the US had imposed a 10 percent import duty on steel in 25 percent and 10 percent on aluminum products in March last year. India is one of the major exporters of these items in the US, due to which the movement of the US has affected India’s revenues. In response, India has now decided to impose additional customs duty on 29 American products.

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