https://www.taxtmi.com/news?id=21442 US termination of preferential tariff benefits under the Generalized System of Preferences for India, effective June 5, 2019, removes unilateral GSP concessions. India's GSP linked exports to the US in 2018 were USD 6.3 billion (about 12.1% of its US exports) with duty concessions around USD 240 million (about 3.8% of the value availing GSP). The US review cited dairy and medical devices; concessions will no longer apply. Impact will vary by product and be managed via ongoing bilateral trade engagement; five year GSP export data for several developed countries is provided. en-us Fri, 21 Jun 2019 17:50:20 +0530 Fri, 21 Jun 2019 17:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21442 US termination of preferential tariff benefits under the Generalized System of Preferences for India, effective June 5, 2019, removes unilateral GSP concessions. India's GSP linked exports to the US in 2018 were USD 6.3 billion (about 12.1% of its US exports) with duty concessions around USD 240 million (about 3.8% of the value availing GSP). The US review cited dairy and medical devices; concessions will no longer apply. Impact will vary by product and be managed via ongoing bilateral trade engagement; five year GSP export data for several developed countries is provided. News - Fri, 21 Jun 2019 17:50:20 +0530 https://www.taxtmi.com/news?id=21442