India Announces Changes to Certain Import Tariffs
India announced several changes in duty rates as part of its 2019 budget, including tariff cuts to certain electrical-related imports and tariff increases on certain auto parts and metals, according to a July 22 report from the Hong Kong Trade…
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Development Council. India announced exemptions on import tariffs for certain electrical “components,” including “e-drive assemblies, on-board chargers, e-compressors and charging guns,” the report said. The items will not be subject to the 10 percent customs duty in an effort to spur electric vehicle production in India, the report said. The country also increases tariff rates on certain auto-related goods, including rear-view mirrors, car locks, oil filters and air conditioner units, the report said. Those changes were made to “curtail the level of non-essential imports and boost domestic production” in India, the report said. The changes took effect July 6.