Adani Enterp. 1801.95↓-1.05(-0.06%)
Adani Ports 671.30↑9.70(1.47%)
Apollo Hospitals 4399.05↑37.75(0.87%)
Asian Paints 2891.10↑9.00(0.31%)
Axis Bank 882.30↑18.10(2.09%)
B P C L 347.20↑1.00(0.29%)
Bajaj Auto 4332.10↑23.80(0.55%)
Bajaj Finance 5933.75↓-4.15(-0.07%)
Bajaj Finserv 1319.75↑1.85(0.14%)
Bharti Airtel 760.25↓-4.95(-0.65%)
Britannia Inds. 4311.00↓-16.80(-0.39%)
Cipla 903.00↓-12.05(-1.32%)
Coal India 231.55↑1.50(0.65%)
Divi's Lab. 3192.85↓-38.80(-1.20%)
Dr Reddy's Labs 4806.10↓-62.65(-1.29%)
Eicher Motors 3182.80↓-17.90(-0.56%)
Grasim Inds 1689.30↑27.35(1.65%)
H D F C 2787.55↑28.15(1.02%)
HCL Technologies 1054.05↑5.10(0.49%)
HDFC Bank 1688.15↑13.55(0.81%)
HDFC Life Insur. 547.55↑34.25(6.67%)
Hero Motocorp 2501.05↑41.70(1.70%)
Hind. Unilever 2499.75↑1.80(0.07%)
Hindalco Inds. 427.80↑5.45(1.29%)
ICICI Bank 904.75↑19.10(2.16%)
IndusInd Bank 1102.00↓-14.35(-1.29%)
Infosys 1226.30↓-1.05(-0.09%)
ITC 408.70↑0.45(0.11%)
JSW Steel 720.35↑9.70(1.36%)
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Larsen & Toubro 2228.90↑13.70(0.62%)
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Maruti Suzuki 8466.15↓-92.30(-1.08%)
Nestle India 20689.30↑192.45(0.94%)
NTPC 170.95↑1.25(0.74%)
O N G C 160.25↑0.65(0.41%)
Power Grid Corpn 231.95↑0.40(0.17%)
Reliance Industr 2358.00↑9.00(0.38%)
SBI Life Insuran 1105.70↓-0.85(-0.08%)
St Bk of India 554.60↑11.45(2.11%)
Sun Pharma.Inds. 979.15↓-10.30(-1.04%)
Tata Consumer 732.55↑32.15(4.59%)
Tata Motors 475.20↑4.00(0.85%)
Tata Steel 106.50↑0.35(0.33%)
TCS 3174.80↑13.95(0.44%)
Tech Mahindra 1006.10↑7.35(0.74%)
Titan Company 2629.55↑61.25(2.38%)
UltraTech Cem. 7440.55↑82.05(1.12%)
UPL 729.85↓-4.85(-0.66%)
Wipro 377.95↑9.90(2.69%)

ICT levy dispute at WTO: EU may opt for retaliatory tariffs on Indian goods

The EU has claimed that up to €600 million of its technology exports to India were adversely impacted annually due to India's imposition of tariffs on ICT products

Asit Ranjan Mishra New Delhi

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The EU spokesperson, however, said India had the right to appeal the WTO panel report

4 min read Last Updated : Apr 24 2023 | 11:27 PM IST

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In what could potentially create trade tensions between India and the European Union (EU), Brussels has threatened to impose retaliatory tariffs on Indian goods if New Delhi doesn’t abide by the World Trade Organization (WTO) ruling against its customs duties on electronic items like smartphones.

In a written reply to a questionnaire sent by Business Standard, an EU spokesperson said: “In the event there is an appeal to the non-functioning WTO Appellate Body (i.e. an ‘appeal into the void’), the EU has in place legislation (the Enforcement Regulation) that allows it to enforce its rights by imposing customs duties or other restrictions in response to an appeal into the void, should the EU decide to do so.”