In a retal🎀iatory move, India has hiked customs duty on several goods, including Bengal gram, lentils and artemia, imported from🎶 the US.
The import du💜ty hike would be effective from August 4, the Finance ministry said in a notif✤ication.
The i♛mport duty on chi❀ckpeas and Bengal gram has been increased to 60 per cent, while that on lentils has been hiked to 30 per cent.
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 ce✃nt.
Duty on artemia, a kind of shrimp, has been ꦰhiked 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.
However, there was no duty hike on motorcycles imported from the💝 US.
Last week, ⛄India had submitted to the WTO a revised list of 30 items on whicꩲh it proposed to raise customs duties by up to 50 per cent.
The move 🌳was in retaliation to the duty hike by the US on certain steel and aluminium products which had tariff implication of USD 241 million on India.
⛄The duty hike by India would have an equivalent tariff implications for the US.
Sources said out of 30 items proposed, India has "excluded motorbikes above 800 cc. Now additional customs duties have been ღimposed on 29 items."
On Maꦅrch 9, US President Donald Trump imposed heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war.
India has said the duty imposed by the US has affected steel exports by USD 198.6 million and aluminium shipme♎nts by USD 42.4 million.
India has also dragged the US to the World Trade Organisation's (WTO) disputꦰe settlement mechanism over the imposition of import duties on steel and aluminium.
India exports steel and aluminium pr🐼oducts worth about USD 1.5 billion to the US every year.
India𝓡's exports to the US in 2016-17 stood at U♎SD 42.21 billion, while imports were USD 22.3 billion.
(PTI)
