Exporters of US almonds, in-shell almonds, in-shell walnuts, fresh apples and pulses have received an additional 45 days to adjust to tariff increases from India.
On 3 August the Department of Revenue under India’s Ministry of Finance announced a 45-day delay for tariff increases from 4 August to 18 September.
On 18 September the proposed duty on the products, including US apples, will raise to a total of 75 per cent – an addition of 25 per cent on top of the already existing 50 per cent.
Almonds will increase INR20/kg, in-shell almonds INR7/kg, in-shell walnuts 20 per cent (raising to a total of 120 per cent). Chickpeas and lentils will also see proposed increases of ten per cent.
India’s Ministry of Finance stated that it was necessary, in the public interest, to make the delay.
Washington State, one of the largest growers of apples in the US, has a moment of relief as India has become the region’s third-largest international market – second to Mexico.
Following announcements of the proposed tariff’s in June, Tarun Arora of major Indian fruit importer, IG International, told Asiafruit that he was hopeful the duty wouldn’t be applied.