“India's trade basket is diversifying rapidly. Moreover, the direction of India's trade, both exports and imports is increasing with developing countries in Asia, East Asia, Africa and Latin America. India also proposes to introduce, in a phased manner, the Duty Free Quota Free Scheme for LDCs this year”, he said.
Referring to concern expressed by several delegations that in addition to tariffs, India imposes several other taxes on imports, Shri Pillai clarified the position as follows: “In the first place, India levies basic customs duties on imports. In addition, imported articles are liable to an additional duty which is equal to the excise duty leviable on a like article produced or manufactured in India."
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Press Information Bureau Government of India
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