https://www.taxtmi.com/news?id=51019 The United States announced a 25 per cent tariff plus an additional penalty on Indian goods linked to India's ongoing purchases of Russian crude, framing the measure as a response to India's energy and military procurement connections with Russia. Concurrently, multilateral measures including a price cap mechanism on Russian crude and an EU ban on refined products from Russian oil create compliance obligations for purchasers, refiners and shippers, while Indian refiners process significant volumes of discounted Russian crude for domestic use and export. en-us Wed, 30 Jul 2025 21:01:04 +0530 Wed, 30 Jul 2025 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51019 The United States announced a 25 per cent tariff plus an additional penalty on Indian goods linked to India's ongoing purchases of Russian crude, framing the measure as a response to India's energy and military procurement connections with Russia. Concurrently, multilateral measures including a price cap mechanism on Russian crude and an EU ban on refined products from Russian oil create compliance obligations for purchasers, refiners and shippers, while Indian refiners process significant volumes of discounted Russian crude for domestic use and export. News - Wed, 30 Jul 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=51019