This extension comes in the backdrop of the US decision to withdraw export incentives being provided to them to Indian exporters under Generalised System of Preferences (GSP) programme, which is expected to impact India's exports to the US worth USD 5.6 billion.
Until February this year, there was no import duty on newspapers and magazines from Pakistan. However, following the Pulwama attack, India on February 16 hiked import duty on Pakistani goods to 200 per cent.
The government had last week told the World Trade Organization (WTO) that that it would raise duties by up to 100 per cent on 20 products such as almonds, walnut, wheat, apple and specific motorcycles imported from the US
New Delhi, Mar 01 (ANI): Kerala MPs stalled the Parliament proceedings demanding import duty hike on rubber. The MPs protested and urged the government to increase the import duty on natural rubber. Rubber growers have been distressed owing to more than 155 per cent fall in prices in the last five years.