{"id":101629,"date":"2026-02-25T02:51:52","date_gmt":"2026-02-25T05:51:52","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/895329458"},"modified":"2026-02-25T02:51:52","modified_gmt":"2026-02-25T05:51:52","slug":"aluminium-steel-automobiles-and-auto-parts-will-continue-to-face-50-product-specific-levy","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/aluminium-steel-automobiles-and-auto-parts-will-continue-to-face-50-product-specific-levy\/","title":{"rendered":"Aluminium, steel, automobiles and auto parts will continue to face 50% product-specific levy"},"content":{"rendered":"

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\u201cLet things stabilise, there are a lot of ifs and buts. There is a lot of uncertainty. Some clarity is required on diamonds given that they were treated differently under the agreements with the UK and EU,\u201d said The Gem & Jewellery Export Promotion Council executive director Sabyasachi Ray. The confusion and the flip flop by Trump meant that some of the diamond consignments were held back \u201ceven the US customs didn\u2019t know what the final levy was. So, we sent some stuff today, but the duty is quite high,\u201d said a Mumbai-based exporter.<\/p>\n

When it comes to jewellery, a 5.5 per cent MFN tariff is applicable to all countries and so is the 10 per cent additional duty. Besides, with Chinese exports facing action under section 301, Ray said, some goods from across the border face 25 per cent additional tariff. For most other sectors, the reduction is a reason to cheer as exports from the country were subject to 50 per cent tariffs, including a 25 per cent penalty for purchase of Russian oil by Indian refiners. Although the 25 per cent penalty was removed at the start of the month, the remaining levy was to come down to 18 per cent as part of the interim framework for a bilateral trade agreement.<\/p>\n

\u201cThe 10 per cent US tariff, though a concern, is significantly lower than the higher duties Indian exporters<\/a> have faced earlier, placing them in a relatively better position. Since it is applied uniformly across countries, our competitive standing remains largely unaffected. A supportive exchange rate further cushions the impact, enabling exporters to remain resilient and competitive in the US market,\u201d said Fieo director general Ajay Sahai.<\/p>\n

While goods such as pharma and electronics were exempt from additional tariffs during the days of reciprocal tariffs, there are others such as aluminium, steel and automobiles and auto parts that will continue to face 50 per cent product-specific levy under section 232.<\/p>\n

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