US revokes duty-free concession on import of 90 products under GSP system
November 02, 2018 | 0 Comments
The federal register issued a notification, listing out 90 products which were so far subject to duty-free provisions, as of November 1 will no longer qualify for duty-free preferences under the GSP programme but may continue to be imported subject to regular
Most Favored Nation duty-rates under the Generalized System of Preferences (GSP).
Apart from 50 products from India, products from other countries like Argentina, Brazil, Thailand, Suriname, Pakistan, Turkey, the Philippines, Ecuador and Indonesia have also been removed from the GSP list. Unaffected so far are cashew nuts, pepper, and most consumer food items.