TaxTMI 
TaxTMI 
No Increase in Import Duty on Apple
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....o Increase in Import Duty on Apple <br>News and Press Release<br>Dated:- 30-7-2014<br><BR>The present import tariff is 50% which is also the Bound rate of Duty agreed in GATT/WTO. The scope for further increase in tariff rates without further negotiation under the WTO regime seems unlikely at present. Details of top four countries exporting apple into India are as under: Quantity in MT, Value in....
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.... Rs. lakh S. No Country 2011-12 2012-13 2013-14 Quantity Value Quantity Value Quantity Value 1. CHILE 26342.7 11879.44 22,212.01 12,937.80 15,999.95 10,231.65 2. CHINA 72662.2 33843.94 78,369.55 40,408.61 88,014.98 54,787.40 3. NEW ZEALAND 11906.23 6385.61 18,498.44 11,561.26 14,825.38 10,685.19 4. U S A 68809.35 36499.36 70,129.21 44,924.56 49,050.5....
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....3 37,700.99 Source: APEDA The Ministerial mandate of the Doha Round recognized that developing countries should have the right to select, through self-designation, an appropriate number of agricultural tariff lines as Special Products (SPs) in the interest of their food security, livelihood security and rural development needs. Such SPs would either undergo no reductions in import duties or wou....
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....ld have to undergo lower reductions in import duties than would be applicable to other agricultural products. These provisions will, however, come into effect after an agreement is reached and the Doha Round is concluded. However, inclusion of apple as a Special Product will be considered as and when this Department takes up the exercise of identifying Special Products on conclusion of the Doha R....
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....ound. The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.<BR> News - Press release - PIB....