PM modi visit to usa: Prime Minister Narendra Modi may take some decisions in the interest of America before his visit to America. Prime Minister Modi will leave for a two -day visit next week. In this visit, PM Modi can announce to increase exports to America and to have a close relationship between the two countries.
Steps will be taken to promote exports
US President Donald Trump has imposed a 10 percent tariff on China. In retaliation, China has also announced a tariff on some American goods. With this, the trade war between the two countries has started. India can benefit from this trade war. India can increase its exports to America. The Modi government can review the tariffs imposed on the US and make changes in them.
Import duty reduced
In the budget of 2025, the Central Government made major announcements, reducing the import duty on many goods from 13 percent to 11 percent tax and other countries including the US. Import duty cuts have been considered a way to avoid Trump’s tariff war.
Import duty review
A Finance Ministry official said that India is reviewing reduced import duty on more than 30 goods including luxury cars, solar cells and chemicals. This will reduce global trade stress and increase exports to the US.
Government will reduce agricultural cess
Prime Minister Modi will leave for America on 12 February. The central government will soon discuss with local industries to reduce the Agricultural Infrastructure Development Cess (AIDC). This information was given by Sanjay Aggarwal, Chairman of Central Indirect Taxes and Customs Board. AIDC is an alternative import duty. Which is used for the creation of agricultural infrastructure. This tariff can be reduced after consultation with the industry.
Import duty on these items will be reduced
The import duty on a total of 32 items will be reduced, including luxury cars, solar cells, sports ships, semiconductor chips and other machinery. In which after cutting the basic customs duty by the government, imports are levied from 6.5 percent to 70 percent AIDC duty.
India has more tariffs
Aggarwal further said that India’s average import duty, including AIDC, is more than the US, China and Japan. India can temporarily reduce tariffs to protect domestic industries and increase their global competitiveness.
