India has determined to scale back the additional 20% duty on US apples, however the current 50% most favored nation (MFN) duty will stay in place. This implies that US apples will nonetheless face a better import duty than apples from different nations. The resolution to take away the additional 20% duty was a part of a commerce deal between India and the US. In alternate for eradicating the duty on apples, the US agreed to revive market entry for Indian metal and aluminum merchandise.
The Indian authorities has stated that the removing of the additional duty is not going to have any adverse affect on home apple producers. They consider that solely premium high quality US apples might be imported, as these are the one ones that may compete with Indian apples on the prevailing import duty of fifty%.
The resolution has been welcomed by the US apple trade, who stated that it’ll assist them to regain market share in India. However, some Indian apple growers have expressed issues that the choice might result in cheaper US apples flooding the Indian market and hurting their companies.
However, it’s clear that the Indian authorities is dedicated to decreasing commerce obstacles and enhancing market entry for all nations.
Here is a desk summarising the import duty on US apples in India:
| Type of duty | Rate (%) |
| Additional duty (imposed in 2019) | 20 |
| MFN duty (nonetheless in place) | 50 |
The whole import duty on US apples is due to this fact 70%. This is greater than the import duty on apples from different nations, which is often round 30%.
Also learn | ‘There isn’t any such proposal’: Nitin Gadkari clarifies on reviews of additional tax on diesel engine autos
