Almonds, walnuts and pulses will now cost you more

Walnuts

New Delhi, June 16: India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.

The increased customs duties will come into effect from Sunday, an official notification said. The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market.

Amending its June 30, 2017, notification, the Central Board of Indirect taxes and Customs said the notification will "implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA". 

PTI

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