India: Tariffs Increased and Additional Fees with 2018-19 Budget

On February 1, 2018, Finance Minister Arun Jaitely presented the Government of India’s (GOI) annual budget for Indian Fiscal Year (IFY) 2018/19. The GOI, with immediate effect, increased tariffs on several imported agricultural products; including, fruit juices, crude and refined edible vegetable oils and several other agricultural and non-agricultural items. Further, the GOI proposed additional fees (or, cess) that are scheduled to enter in effect upon enactment of Finance Bill 2018.  

India: Tariffs Increased and Additional Fees with 2018-19 Budget