India Challenges US 25 per cent Import Tax on Range of Jewelry Items idexonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idexonline.com Daily Mail and Mail on Sunday newspapers.
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Last month, around 70 colored-stone dealers flew from India to attend one of the handful of gem shows taking place this year in Tucson. But, according to a report in
India Today, when they landed at San Francisco International Airport (pictured), they were stopped by U.S. Customs and Border Protection (CBP) agents, who checked if the gem dealers had the proper business visas.
When most didn’t, not only were the dealers denied entrance into the United States and sent on a 17-hour flight home, but some were banned from reentering the country for the next five years, the report says.
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Donald Trump may no longer be president, but the trade spats he gleefully picked with the rest of the world continue.
The clock is ticking for India and the United States to resolve an ongoing dispute over a digital service tax, and if they don’t, it’s possible though some say unlikely that a wide range of Indian jewelry items will be slapped with a new import duty of as high as 25%.
A virtual hearing on Indian tariffs is set for May 10, with the final determination likely to be made in the coming weeks.
The dispute stems from the determination by the Office of the United States Trade Representative (USTR) that India’s 2% digital service tax, which targets e-tailers like Amazon, is “unfair and discriminatory,” as it affects only non-Indian companies.
Read more about Google tax: American IT and steel lobbies back action against India on Business Standard. The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the unilateral and discriminatory equalisation levy or Google Tax
G&J Industry At The Forefront In Fight Against Covid-19 diamondworld.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diamondworld.net Daily Mail and Mail on Sunday newspapers.