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The government is considering increasing customs duty<\/a> on close to 20 product segments including laptops<\/a>, cameras<\/a>, textiles and aluminum goods, while placing some steel items under import licensing<\/a>, as part of its latest move to restrict imports from China.
The issue is now before the finance ministry, which had earlier spurned the proposal from the commerce and industry ministry, sources told TOI. A senior officer said that the revenue department is expected to move ahead by notifying some tariff hikes.
“It is not a China-specific duty action but an overall increase in customs duty, although the idea is to focus on products which are coming in large volumes from China,” another officer explained.
In recent weeks, the government has been wary of duty hikes as it has noticed diversion of imports from countries with which India has free trade agreements, especially Asean members such as Vietnam or Thailand. In fact, the perceived inaction by the revenue department has prompted the commerce department to impose curbs such import licensing of tyres and TV sets, which many in the government believe is turning the clock back by a few decades.
Some steel products are being considered for import restrictions by the Directorate General of Foreign Trade, which is the licensing agency.
Apart from some of the import restrictions, the Narendra Modi<\/a> administration has also banned 59 Chinese apps, while shifting foreign direct investment<\/a> (FDI) from China-based entities to the approval route instead of the earlier system which only required companies to inform the Reserve Bank of India post-investment. Further, a registration system has been mandated for Chinese suppliers and contractors who wish to participate in government contracts.
Government officials said that the moves are meant to clearly signal India’s displeasure at the recent intrusion in Ladakh, which has also resulted in the death of 20 Army personnel. “Even if it means higher costs, we can’t be doing business with them,” an officer said.
Separately, the government is working on promoting domestic manufacturing by offering incentives to mobile manufacturers and pharma companies producing bulk drugs, with a few more sectors expected to be added in the coming weeks.
India has a massive trade deficit with China, which was estimated at $48.7 billion in 2019-20, the lowest in five years. The government has accused China of not responding to its requests to allow more exports from India, resulting in higher deficit.
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政府正在考虑增加关税在接近20个产品领域包括笔记本电脑,相机纺织品和铝产品,而将一些钢铁项目进口许可作为其最新举措的一部分,限制从中国的进口。
前的问题现在是财政部,早前从工商部门拒绝这个提议,消息人士告诉本报。一位高级官员说,预计收入部门将提前通知一些关税上调。
“这不是专门针对中国的责任行动,但整体提高关税,尽管这个想法是关注产品在大量来自中国,”另一位官员解释说。
最近几周,中国政府一直对进口关税上涨,因为它注意到转移从印度自由贸易协定的国家,特别是越南和泰国等东盟成员国。事实上,认为不作为收入部门已促使美国商务部对限制进口许可的轮胎和电视机等许多政府认为该被几十把时钟拨回。
一些钢铁产品被认为是由总局对外贸易的进口限制,即授权机构。
除了一些进口限制莫迪中国政府也禁止59应用,而转移外国直接投资(FDI)从中国实体批准路线而不是系统只要求公司早些时候通知印度央行(Reserve Bank of India) post-investment。此外,注册系统授权为中国供应商和承包商希望参与政府合同。
政府官员表示,这些举措旨在明确信号最近在拉达克入侵印度的不满,这也导致了20军队人员的死亡。“即使这意味着更高的成本,我们不能和他们做生意,”一位军官说。
分开,政府正致力于促进国内制造业通过提供手机制造商的激励和制药公司生产大量药物,与几个部门预计将在未来几周内补充道。
印度有一个巨大的对华贸易逆差,2019年估计为487亿美元- 20,五年来最低的。政府指责中国不应对其请求允许更多的来自印度的出口,导致更高的赤字。
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