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Thursday, 19 July 2018

India asks Oman to cut customs duties on chemical products


India has asked Oman to cut customs duties on chemical products like dyes to provide greater market access for its goods in that country, the commerce ministry said.
Reduction of duties on items like dyes, inorganic and organic chemicals, agrochemicals, cosmetics, glazed ceramic articles, aluminium alloys and tyres used in buses will provide better market access, it said in a statement.
"India requested for reduction in customs tariff on Indian chemical products exported to Oman, which is about 5 per cent," the ministry said.
The issues were raised by New Delhi in the India-Oman Joint Commission meeting in Muscat. Commerce and Industry Minister Suresh Prabhu is there on an official visit.
Further, both the countries agreed to obtain their respective internal approvals for early finalisation of Double Taxation Avoidance Agreement (DTAA) between the nations.
Both the sides also discussed the issue of Oman India Fertilizer Company and extension of Urea Off-Take Agreement (UOTA) beyond 2020.
Read more: India asks Oman to cut customs duties on chemical products

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