India rules out immediate hit of WTO panel ruling on IT tariffs, exploring “options”

India has dominated out any instant influence from a World Trade Organization (WTO) panel ruling that the Asian nation violated international buying and selling guidelines by imposing tariffs on some IT merchandise, the nation’s authorities stated in a press release on Tuesday.

“As per the available Dispute Settlement procedures, India is taking the necessary steps, and is also exploring options available in light of its WTO rights and obligations,” the federal government stated.

Such choices might embrace a plan to enchantment in opposition to the ruling, Reuters has reported.

Last week, the WTO panel gave its ruling associated to a 2019 dispute with the European Union, Japan and Taiwan over import duties on IT merchandise.

In 2019, the EU challenged India’s introduction of import duties of between 7.5% and 20% for a variety of IT merchandise, comparable to cellphones and elements, in addition to built-in circuits, saying they exceeded the utmost price. Japan and Taiwan filed comparable complaints that very same 12 months.