Economy

Retaliatory import tariffs on US goods postponed again

Bloomberg Mumbai | Updated on March 30, 2019 Published on March 30, 2019

The rupee appreciated by 6 paise to 68.57 against the US dollar. File Photo   -  Getty Images/iStockphoto

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

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 U.S. to place high customs duties on certain steel and aluminium products.

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

Published on March 30, 2019
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