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Home Business "No Impact On Price": India On Removing Additional Duties On US Products

“No Impact On Price”: India On Removing Additional Duties On US Products


There’s a common obligation of fifty% and Rs 50 per kg minimal import value on apples.(Representational)

New Delhi:

The federal government on Tuesday mentioned that the removing of further retaliatory duties on imports of US apples, walnuts and almonds is not going to lead to any unfavourable affect on home producers.

Commerce and Trade Minister Piyush Goyal mentioned that the opposition events notably Congress is politicizing the topic with out having an entire understanding of the topic.

There’s a common obligation of fifty per cent and Rs 50 per kg minimal import value on apples.

“We have now simply eliminated the retaliatory obligation…the transfer wouldn’t have any affect on home apple producers. There will likely be no affect on costs additionally. Customers will get extra decisions,” Goyal informed reporters right here.

Earlier within the day, Extra Secretary within the Division of Commerce Peeyush Kumar mentioned the Most Favoured Nation obligation of fifty per cent and 100 per cent continues to be relevant on US apples and walnuts as solely further 20 per cent obligation is eliminated.

There isn’t any discount on the Most Favoured Nation (MFN) obligation on apples, walnuts and almonds, which nonetheless applies to all imported merchandise, together with US-origin merchandise, he added.

“This measure is not going to lead to any unfavourable affect on home apple, walnut and almond producers. Somewhat, it’ll lead to competitors within the premium market section of apples, walnuts and almonds, thereby making certain higher high quality at aggressive costs for our Indian shoppers,” he informed reporters right here.

The market share of the US apples dwindled as different international locations benefited from the imposition of further retaliatory duties on the US apple and walnut imports.

He added that the removing of further duties will now guarantee honest competitors among the many international locations that are exporting these merchandise to India. The clarification has come amid the opposition Congress criticising the federal government’s resolution to scale back import obligation on apples.

The Centre has decreased the import obligation on the Washington apple, which may also immediately have an effect on the horticulturalists of the State, thereby inflicting losses to them, the Congress mentioned.

Nationwide Convention chief Omar Abdullah on Monday appealed to the Centre to rethink its resolution to take away the extra obligation on apples, walnuts and almonds imported from the US, saying the federal government ought to attempt to make its personal folks pleased as a substitute of pleasing foreigners.

(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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