https://www.taxtmi.com/news?id=67297 A newly announced tariff on Iran-linked trade, described as 25 per cent on any country doing business with Iran, is assessed to pose minimal direct risk to India because bilateral trade with Iran is small (about USD 1.6 billion, ~0.15% of India's total trade) and focused on food and pharmaceuticals; India stopped importing Iranian oil in May 2019. Implementation remained uncertain without formal notification, and India maintains a 10 year Chabahar port terminal agreement with a six month US sanctions exemption beginning October 2024. en-us Tue, 13 Jan 2026 23:46:02 +0530 Tue, 13 Jan 2026 23:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67297 A newly announced tariff on Iran-linked trade, described as 25 per cent on any country doing business with Iran, is assessed to pose minimal direct risk to India because bilateral trade with Iran is small (about USD 1.6 billion, ~0.15% of India's total trade) and focused on food and pharmaceuticals; India stopped importing Iranian oil in May 2019. Implementation remained uncertain without formal notification, and India maintains a 10 year Chabahar port terminal agreement with a six month US sanctions exemption beginning October 2024. News - Tue, 13 Jan 2026 23:46:02 +0530 https://www.taxtmi.com/news?id=67297