India to raise import tariffs on electronic and communication items

By Kitco News / October 11, 2018 / www.kitco.com / Article Link

MUMBAI, Oct 11 (Reuters) - India said on Thursday it is raising import tariffs on several electronic items and communication devices, in a bid to rein in imports and contain the slide in the rupee.

This is the second time in two weeks that the government has moved to raise import tariffs, as it aims to curtail the import of goods that it deems as “non-essential” items.

It was not immediately clear how much of a tariff increase is being levied on each specific item. (Reporting by Suvashree Dey Choudhury and Nidhi Verma Editing by Euan Rocha)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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