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Corporate Update

India Expands Tariff Lines To Ease US Trade

India has introduced 44 new tariff lines by amending the Customs Tariff Act, effective 1 May 2026. The move aims to improve import tracking and implement commitments under the US trade deal. New classifications cover products such as frozen krill, cranberry products, chemicals, battery components and refrigerated containers. The changes include immediate duty elimination for some goods, phased cuts over up to 10 years, preferential margins and Tariff Rate Quotas (TRQs) for sensitive items. 

New classifications cover products such as frozen krill, cranberry products, chemicals, battery components and refrigerated containers. The changes include immediate duty elimination for some goods, phased cuts over up to 10 years, preferential margins and Tariff Rate Quotas (TRQs) for sensitive items.

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