Logistics SolutionsIndia hikes Customs Duty on 30 items imported from US

June 22, 2018by adminewl0

India has hiked customs duty on several goods, including Bengal gram, lentils and artemia, imported from the US. The import duty hike would be effective from August 4.
The import duty on chickpeas and Bengal gram has been increased to 60 per cent, while that on lentils has been hiked to 30 per cent.

customs duty

The duty on boric acid and binders for foundry moulds has been hiked to 7.5 per cent, while that on domestic reagents was raised to 10 per cent.

Duty on artemia, a kind of shrimp, has been hiked to 15 per cent.

The other products on which duties have been hiked include certain kind of nuts, iron and steel products, apples, pears, flat rolled products of stainless steel, other alloy steel, tube and pipe fittings, and screws, bolts and rivets.

The move was in retaliation to the duty hike by the US on certain steel and aluminium products which had tariff implication of $241 million on India.

The duty hike by India would have an equivalent tariff implications for the US.

However, there was no duty hike on motorcycles imported from the US.

Leave a Reply

Your email address will not be published. Required fields are marked *

Chennai

New No: 192, Old No: 237,
2nd Floor, Thambu Chetty Street,
Mannady, Chennai – 600001, india
Mobile: +91 9677121997
Email: info@easywaylogistics.net

Chennai Location Map.

Bangalore

No 21/2, Marathahalli main road,
2nd floor, Marathahalli
Bangalore-560 037, India
Mobile: +91 9940092997
Email: blr@easywaylogistics.net

Bangalore Location Map

Krishnapatnam

Flat No 302, KBS Apartment,
Sri Shiridi Sai Nagar,
Muthukur Village & Mandal,
SPSR Nellore, Krishnapatnam,
Andhra Pradesh – 524 344, India
Mobile: +91 9384664397
Email: kpct@easywaylogistics.net

Krishnapatnam Location Map.

Tuticorin

Ebenezer Mansion,
I Block First Floor,
97G/H, Palai Road ,
Teachers Colony Junction,
Tuticorin-628008, India
Mobile: +91 8056144997

Thoothukudi Location Map.

Hyderabad

Mobile: +91 9840029297

Mumbai

Mobile: +91 9840290397

Call Now

Quick Inquiry Form
close slider
×

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

× Chat with us on WhatsApp