ENA Global 2019-01-01 06:51:13 <p><strong>New Delhi, Jan 1 (KNN)</strong> India has retaliated against the US by imposing additional customs duties on 29 items originating from the US under the provisions of WTO Safeguard Agreement.</p> <p>The move comes in effect when United States imposed global tariff of 25% and 10% in March, 2018 on certain steel and aluminium products, respectively, under Section 232 of US Trade Expansion Act of 1962. </p> <p>India took up this issue at World Trade Organization (WTO) as it considers these additional duties to be non-compliant with WTO provisions.</p> <p>This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha.</p> <p>India has also challenged these measures as inconsistent at the WTO level and asked US to bring these measures to be consistent with WTO provisions.</p> <p>A dispute settlement panel has been established by DSB on 4th December, 2018 to adjudicate in the dispute. </p> 21683 https://knnindia.co.in/news/newsdetails/global/imposition-of-high-custom-duty-on-steel-and-aluminium-products 2019-01-01 06:51:13 knnindia.co.in