In quick relation to US move of imposing higher duties on Indian steel
and aluminium exports, India has decided to suspend concession on 30 American
Customs duty on motorcycles with engine capacity over 800 cc will be
raised up to 50 per cent, almonds 20 per cent, walnuts 20 per cent and apples
25 per cent.
India in a letter to the World Trade
Organisation (WTO) stated that the suspended concessions are substantially
equivalent to the amount of trade affected by the measures imposed by the
"This notification is made in connection with safeguard measures
imposed by the United States of America on imports of certain aluminium and
steel articles," India said.
India expects around US
dollars 238.09 million of duty to be collected through the measure imposed on
In March, the US imposed 25 percent duty on
certain steel products and 10 percent on aluminium products, which will help
the US collect 241 million dollars of duty.