• SENSEX
    NIFTY 50
Business

India excludes American-sourced motorcycles from additional import duty

Updated : June 22, 2018 09:11 AM IST

Earlier, New Delhi had proposed an additional duty hike of 50% on CBU (completely built units) motorcycles above 800cc imported from the US to counter the increased tax imposed by Washington on certain steel and aluminium products coming from India.
The decision to exempt motorcycles from the list gains significance as US President Donald Trump had earlier raised the issue of duty imposed on Harley Davidson bikes in India on several occasions.
India excludes American-sourced motorcycles from additional import duty
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV