New Delhi: India has hiked customs duty on several goods imported from the US. The Finance Ministry, in a notification, said that the import duty on chickpeas and Bengal gram has been increased to 60 percent, while on lentils has been hiked to 30 percent. The duty on boric acid and binders for foundry molds has been hiked to 7.5 percent, while that on domestic reagent was raised to 10 percent.
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.
Finance Ministry said the import duty hike would be effective from August 4. The move was in retaliation for the duty hike by the US on certain steel and aluminum products which had tariff implication of 241 million US dollars on India. The duty hike by India would have equivalent tariff implications for the US.
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 which it proposed to raise customs duties by up to 50 percent.