|
CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001.
Tel: +91-22- 69821200-6 Mobile No. : 91-7738933059
membership@chemexcil.in Web : https://chemexcil.in
EPC:LIC:USA-TARIFF:ADIV:2025-26:43 4th April2025
TO,
All Members of Chemexcil
(URGENT AND IMPORTANT)
|
Urgent Advisory – Prioritisation of Chemical Exports to the USA in view of
duty hike by USA administration.
|
Dear Members,
As you are aware that United states of America administration has imposed a tariff on countries under “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits”
The details of the same can be viewed on https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/
Effective from 5th April 2025, a 10% additional duty will apply to most imported goods into the U.S., unless they were already in transit before that time. And starting from 9th April 2025, goods from countries listed in Annex I will face specific duty rates outlined in the annex (for Indian goods 26%)
In view of this important development, we strongly suggest our members to expedite the dispatch of chemical consignments intended for the U.S. market no later than midnight of 4th–5th April 2025.
Kindly note the important timelines in this regard
-
By 4th -5th April 2025 (midnight): No additional duties applicable (existing rates).
-
From 5th –8th April 2025: A transitional 10% additional duty will apply.
-
After 8th –9th April 2025 (midnight): The full 26% duty will be imposed on all applicable exports.
The Indian Government has advised Customs authorities to facilitate and prioritise Indian exports to the USA on an urgent basis.
Members are advised to take immediate action to mitigate cost escalation and maintain smooth trade operations for US shipments .
Thanks and Regards
Raghuveer Kini
Director General
CHEMEXCIL
Encl : Annexure-I
Annexure - II
|