India extends tariff deadline on US goods

67

India has extended its deadline to impose retaliatory customs duties on a number of US  imports, including almonds and pulses, by a month.

According to reports India has put off imposing retaliatory tariffs a number of times since June 2018, when it decided to hit back at a move by the US to place high customs duties on certain steel and aluminium products.

In a notification issued by the country’s finance ministry, the government said that the implementation of increased customs duties has been postponed to May 2 from April 1. India has put off imposing retaliatory tariffs a number of times since June 2018, when it decided to hit back at a move by the US to place high customs duties on certain steel and aluminum products.

Earlier this month, the US decided to withdraw export incentives being provided to Indian exporters for certain goods under the generalized system of preferences program.

You might also like