close
Share with your friends

India increases rates of customs duties on certain U.S. goods

India increases rates of customs duties

India has announced increases to the rates of customs duty imposed on imports of certain goods from the United States. The rate increases were announced in Customs Notification No. 17/2019 (15 June 2019).

1000

Related content

A list of goods for which there is an increase in the rates of customs duty includes almonds, walnuts, apples, diagnostic reagents (other than for medical diagnosis), and specified iron and steel products. The following table (produced by the KPMG member firm in India) sets out some related information:

Indian customs tariff entry

Description of product

Tariff rate of customs duty

Rate applicable if imported from United States (rate if imported from other countries listed in parenthesis)

 

0713 20 90

Chickpeas (garbanzos)

70%

70% (60%)

 

0713 40 00

Lentils (Mosur)

40%

40% (30%)

 

0802 11 00

Almonds in shell

INR 42 per Kg

INR 41 per kg/- (INR 35 per kg/-)

 

0802 12 00

Shelled almonds

INR 120 per Kg

INR 120 per kg (INR 100 per kg)

 

0802 31 00

Walnuts in shell

120%

120% (100%)

 

0808 10 00

Apples

75%

70% (50%)

 

2809 20 10

Phosphoric acid

20%

10% (5%)

 

2810 00 20

Boric acid

17.5%

17.5% (7.5%)

 

3822 00 90

Diagnostic reagents other than medical diagnosis

20%

20% (10%)

 

3824 99 90

Binders for foundry moulds

17.50%

17.50% (7.5%)

 

7210 12 10, 7210 12 90

Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad,
Plated or coated
-- Of a thickness of less than 0.5mm
--- OTS/MR type
--- Other

27.50%

27.50% (12.5%)

 

7219 12 00, 7219 13 00, 7219 21 90, 7219 90 90

Flat-rolled products of stainless steel, of a width of 600 mm or more
--Of a thickness of less than 4.75mm
--Of a thickness of 3mm or more but less than 4.75mm
--- Other
--- Other

22.50%

22.50% (7.5%)

 

7225 11 00

Flat-folled products of other alloy steel, of a width of 600 mm or more
- Of silicon-electrical steel :
-- Grain oriented

20%

20% (5%)

 

7307 29 00, 7307 99 90, 7308 90 90, 7310 29 90, 7318 15 00, 7318 16 00, 7318 29 90, 7320 90 90, 7325 99 99, 7326 19 90, 7326 90 99

Specified tubes or pipe fittings, structures, tanks, casks, drums, cans, screws, bolts, nuts, springs and leaves for springs, other casts articles and other articles of iron or steel

25%

25% (10%)

 

Earlier this month, the United States terminated India’s status as a beneficiary developing country under the Generalized System of Preferences (GSP) program, effective June 5, 2019. Read TradeNewsFlash

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner and Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117
E: rwaldrop@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal