India's newly increased tariffs1 on 28 American goods came i

India on Saturday night officially announced to hike import taxes on as many as 28 American goods following the United States ending preferential trade treatment for India.

 

By imposing the hiked tariffs, India would earn about 217 million U.S. dollars additional revenue from such imports, which is equivalent to what the United States would pocket by imposing higher tariffs on imports of steel and aluminum from India.

 

In a "Notification" issued by the Department of Revenue of the Ministry of Finance late Saturday night, the Indian government said that customs duty was hiked on as many as 28 American products, thus making these items costlier in the Indian market.

 

The items include almonds, apples, acids and chemicals, official sources from the ministry said.

 

Earlier, the list comprised 29 items, "but one item has been dropped," an official from the country's Ministry of Commerce and Industry said. India removed "Artemia," a kind of shrimp, from the list.