https://www.taxtmi.com/news?id=70444 The interim India-US trade framework commits both parties to promptly implement tariff reductions and to work toward a Bilateral Trade Agreement; removal of the additional 25 percent US tariff on Indian goods is conditioned on India's commitment to stop directly or indirectly importing Russian oil, with US monitoring and potential reinstatement of the penalty for non compliance. India will eliminate or reduce tariffs on a wide range of US industrial and agricultural products, and the parties intend to finalise implementing details in subsequent announcements. en-us Sat, 07 Feb 2026 15:46:03 +0530 Sat, 07 Feb 2026 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70444 The interim India-US trade framework commits both parties to promptly implement tariff reductions and to work toward a Bilateral Trade Agreement; removal of the additional 25 percent US tariff on Indian goods is conditioned on India's commitment to stop directly or indirectly importing Russian oil, with US monitoring and potential reinstatement of the penalty for non compliance. India will eliminate or reduce tariffs on a wide range of US industrial and agricultural products, and the parties intend to finalise implementing details in subsequent announcements. News - Sat, 07 Feb 2026 15:46:03 +0530 https://www.taxtmi.com/news?id=70444