MUMBAI (Reuters) – India said on Thursday it is raising import tariffs on several electronic items and communication devices, in a bid to rein in imports and contain the slide in the rupee.
File Photo: A general view of a container terminal is seen at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave
This is the second time in two weeks that the government has moved to raise import tariffs, as it aims to curtail the import of goods that it deems as “non-essential” items.
It was not immediately clear how much of a tariff increase is being levied on each specific item.
Reporting by Suvashree Dey Choudhury and Nidhi Verma; Editing by Euan Rocha