Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs & Trade

        India-US joint statement remains basis for interim trade agreement: New Delhi

        February 12, 2026

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New Delhi, Feb 12 (PTI) India on Thursday said its joint statement with the US remains the basis for a proposed interim trade agreement, and that the amendments in a White House fact sheet reflect the shared understandings.

        The fact sheet, brought out by the White House on Monday, triggered a controversy as it mentioned that India would reduce tariffs on "certain pulses" and had "committed" to buying American goods, including energy and technology, worth USD 500 billion over five years.

        The document was revised later and the contentious issues were removed.

        "As you are aware, the India-US joint statement on the framework for an interim agreement on reciprocal and mutually beneficial trade was issued on February 7," External Affairs Ministry spokesperson Randhir Jaiswal said at his weekly media briefing.

        "The joint statement is the framework and remains the basis of our mutual understanding in the matter. Both sides will now work towards implementing this framework and finalising the interim agreement," he said.

        Jaiswal was responding to a question on the issue.

        "The amendments in the US fact sheet reflect the shared understandings contained in the joint statement," he said.

        It is learnt that the Indian side flagged concerns over the formulations in the fact sheet following which the White House made the amendments.

        The revised fact sheet issued Tuesday removed the reference made regarding pulses.

        "India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, including dried distillers’ grains (DDGs), red sorghum, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products," it said.

        "India intends to buy more American products and purchase over $500 billion of US energy, information and communication technology, coal, and other products," it said.

        It also removed a reference to India removing its digital services taxes. The amended document said that the Indian side is committed to negotiate digital trade rules.

        The amended fact sheet also stated that India "intends to buy" more US goods.

        In a related development, US Ambassador Sergio Gor met Foreign Secretary Vikram Misri and discussed ways to advance the India-US partnership.

        "Always a pleasure to meet with Foreign Secretary @VikramMisri. We had a great discussion on advancing the U.S.-India partnership. So many opportunities ahead now that the trade deal has been finalized!," Gor said on social media.

        Following a phone conversation between Prime Minister Narendra Modi and US President Donald Trump, both sides announced reduction of US tariffs on Indian goods to 18 per cent from 50 per cent.

        To a question on Trump's Board of Peace, Jaiswal said India received an invitation for it and New Delhi is currently considering it.

        "As far as the Board of Peace is concerned, we have received an invitation from the US government to join the Board of Peace. We are currently considering this proposal and reviewing it," he said.

        Jaiswal said India has consistently supported efforts that promote peace, stability, and dialogue in West Asia.

        "Our prime minister has also welcomed all such initiatives that pave the way for long-term and lasting peace in the entire region, including Gaza. So, with regard to the invitation to join the Board of Peace, we are presently reviewing it," he said. PTI MPB ZMN

        India-US trade framework remains the basis for an interim agreement; fact sheet amended to reflect shared understandings. The India-US joint statement is the binding framework for an interim trade agreement; amendments to the White House fact sheet were made to reflect shared understandings, removing references to pulses and digital services taxes and reframing commitments as intentions to reduce tariffs on specified US industrial and agricultural goods and to increase purchases of US energy and technology products.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                India-US trade framework remains the basis for an interim agreement; fact sheet amended to reflect shared understandings.

                                The India-US joint statement is the binding framework for an interim trade agreement; amendments to the White House fact sheet were made to reflect shared understandings, removing references to pulses and digital services taxes and reframing commitments as intentions to reduce tariffs on specified US industrial and agricultural goods and to increase purchases of US energy and technology products.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found