India: India Reduces Import Duty Tariff Levied on Pecans - Cracking Open the Door for the American Nut

  |   Attaché Report (GAIN)   |   IN2023-0016

On February 1, 2023, India’s Ministry of Finance, Department of Revenue issued Notification No. 02/2023-Customs in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) (official gazette), whereby it sets the import duty tariff rate for pecans, HS code 0802.9900, at 30 percent, effective April 1, 2023. The new duty rate represents a significant relaxation from the previous duty of 100 percent, while the erstwhile 10 percent Social Welfare Surcharge exemption has been withdrawn. Previously, pecans lacked a unique HS code, subjecting them to the higher tariff “nuts, others” category. India’s announcement comes following years-long efforts by the U.S. pecan industry and U.S. government advocacy led by the U.S. Trade Representative, FAS New Delhi (Post) and the interagency, and U.S. Senator Jon Ossoff (D-Georgia) to reduce the duty on pecans. The move by the Indian government further facilitates and strengthens the trade-ties between the United States and India.

Related Reports

Attaché Report (GAIN)

United Kingdom: Sustainable Aviation Fuel in the UK

As part of a broad push towards reducing carbon emissions in the aviation sector, the newly elected Labour government is seeking to bolster the United Kingdom’s (UK) Sustainable Aviation Fuel (SAF) industry, which builds on initiatives and policies...
On October 30, the Department for Business and Trade (DBT) extended over 220 voluntary tariff suspensions announced following the 2021 and 2023 application periods, through June 30, 2026. The announcement synchronizes multiple expiration periods...
The European Commission will allocate €132 million (approximately $138 million) towards promotion activities for EU agri-food products in 2025.