The notification was published by the Gazette of India on September 5
India’s retaliatory tariffs on US almonds have been removed as of September 6, 2023, according to a notification published the previous day in the Gazette of India. The tariff rates have therefore returned to 35 Rs./kg for in-shell almonds and 100 Rs./kg for shelled almonds.
Description | Rates under retaliatory tariffs | New tariff rates |
In-shell almonds | Rs. 42/kg | Rs. 35/kg |
Shelled almonds | Rs. 120/kg | Rs. 100/kg |
The agreement to eliminate the retaliatory tariffs was announced by the two countries on June 22, 2023, during Indian Prime Minister Narendra Modi’s official state visit to the United States. The agreement includes the removal of retaliatory tariffs, which India had imposed in June 2019 in response to the US Section 232 national security measures on steel and aluminum, on certain US products, including almonds.
The elimination of these tariffs opens up a new chapter of bilateral cooperation that will deepen and diversify the trade relationship between the United States and India.