Categories: बिजनेस

India reduces additional 20% duty on US apples, maintains 50% MFN duty


Image Source : PEXELS Bunch of Apples in a farm

India has decided to reduce the additional 20% duty on US apples, but the existing 50% most favored nation (MFN) duty will remain in place. This means that US apples will still face a higher import duty than apples from other countries. The decision to remove the additional 20% duty was part of a trade deal between India and the US. In exchange for removing the duty on apples, the US agreed to restore market access for Indian steel and aluminum products.

The Indian government has said that the removal of the additional duty will not have any negative impact on domestic apple producers. They believe that only premium quality US apples will be imported, as these are the only ones that can compete with Indian apples at the prevailing import duty of 50%.

The decision has been welcomed by the US apple industry, who said that it will help them to regain market share in India. However, some Indian apple growers have expressed concerns that the decision could lead to cheaper US apples flooding the Indian market and hurting their businesses.

However, it is clear that the Indian government is committed to reducing trade barriers and improving market access for all countries.

Here is a table summarising the import duty on US apples in India:






Type of duty Rate (%)
Additional duty (imposed in 2019) 20
MFN duty (still in place) 50

The total import duty on US apples is therefore 70%. This is higher than the import duty on apples from other countries, which is typically around 30%.

Also read | ‘There is no such proposal’: Nitin Gadkari clarifies on reports of additional tax on diesel engine vehicles

Also read | Nifty hits fresh all-time high level in early trade as markets continue to rally, Rupee gains against dollar

Latest Business News



News India24

Share
Published by
News India24

Recent Posts

डेविस कप: जननिक सिनर ने चैंपियंस इटली को फाइनल में वापसी के लिए प्रेरित किया – न्यूज18

आखरी अपडेट:24 नवंबर, 2024, 00:23 ISTऑस्ट्रेलियन ओपन, यूएस ओपन और एटीपी फाइनल्स विजेता सिनर एक…

25 minutes ago

एमएमआर चुनावों में महायुति का दबदबा: प्रमुख जीतें और क्षेत्र पर पुनः कब्ज़ा | मुंबई समाचार – टाइम्स ऑफ इंडिया

मुंबई: एमएमआर में, महायुति महत्वपूर्ण चुनावी जीत हासिल की, खोए हुए क्षेत्रों को पुनः प्राप्त…

5 hours ago

उद्धव ठाकरे ने विधानसभा चुनाव नतीजों पर सवाल उठाए, इसे अप्रत्याशित सुनामी बताया | मुंबई समाचार – टाइम्स ऑफ इंडिया

मुंबई: शिवसेना (यूबीटी) प्रमुख उद्धव ठाकरे ने शनिवार को विधानसभा चुनाव नतीजों को पूरी तरह…

5 hours ago

आईपीएल 2025 मेगा नीलामी लाइव: इंडियन प्रीमियर लीग बिडिंग वॉर को ऑनलाइन और टीवी पर कब और कहाँ लाइव देखें?

छवि स्रोत: बीसीसीआई/आईपीएल पंजाब किंग्स 110.50 करोड़ रुपये के सबसे बड़े पर्स के साथ आईपीएल…

5 hours ago

देखें: खराब फॉर्म के बीच दूसरे दिन स्टंप्स के बाद विराट कोहली ने तुरंत अभ्यास शुरू कर दिया

भारत के स्टार बल्लेबाज विराट कोहली पर्थ के ऑप्टस स्टेडियम में ऑस्ट्रेलिया के खिलाफ चल…

6 hours ago