Importers need to keep away from losses they might incur if duties are lowered after they clear items at present charges, however their transfer might worsen provide disruptions, business insiders mentioned.
Dry fruit provides had already been hit by the halt in Afghan imports as a result of closure of the Wagah border because the Operation Sindoor strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir.
India imposes a 100% tariff on US walnuts – each kernels and people in shells – and a selected responsibility of ₹35 per kilogram on almonds in shell and ₹100/kg on almond kernels. US President Donald Trump usually cites this to assist his declare that India is a excessive tariff nation.
The business expects India to halve these duties as a part of the deal being negotiated.
“Two commodities which can be more likely to see responsibility discount within the proposed US-India commerce deal are walnuts and almonds,” mentioned Ravindra Mehta, founding member at Nuts and Dry Fruits Council of India, or NDFC(I).”Many importers are suspending submitting the invoice of entry by a number of days and opting to pay the penalty for delayed clearance, which is way smaller than the losses they could face in case the duties are lowered,” he mentioned.
