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'India not tariff king; Customs not major rev source'
The Morning Standard
|February 08, 2025
WITH the US import tariff hike looming large, India has said it is not a tariff king. In a recent interaction with TNIE, finance and revenue secretary Tuhin Kanta Pandey said with a 'fairly comprehensive exercise' to rationalise import duties, India can't be termed as tariff king as US president Donald Trump had referred India in his election campaigns.
Pandey said out of 8,562 tariff lines, 6,500 are below 10%, 7,600 are below 15% and 8,400 tariff lines are below 20%. "There are 216 tariff lines currently that have 0% duty, we have changed it to 260 (in budget)," says Pandey, who was inducted to the revenue department 20 days before the budget from the Department of Investment and Public Asset Management (DIPAM).
Cette histoire est tirée de l'édition February 08, 2025 de The Morning Standard.
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