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Global Tariffs, Categorized

🇺🇸 United States
🇮🇳 India
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
🇺🇸 🇮🇳

United States to India Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

7.5%
Effective April 1, 2023

Trade Volume

Value
USD 1.2 billion
Year
2022
Trend
Increasing by 8% annually due to rising demand for IT hardware in India

Special Rates

Preferential Rate under US-India Trade Agreement
0%
Applicable under specific trade agreements or schemes; requires certificate of origin and compliance with Rules of Origin under the agreement.
Safeguard Duty (if applicable)
15%
May apply if imports exceed certain thresholds causing injury to domestic industry; subject to periodic review by Directorate General of Trade Remedies (DGTR).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Boost Tech Hardware Exports
Recent trade discussions between the US and India have focused on reducing barriers for the export of automatic data processing machines and related units (HS Code 8471). Both countries aim to enhance cooperation in technology trade.
October 10, 2023
Impact: This could lead to an increase in exports of data processing equipment from India to the US, potentially lowering costs for US businesses and strengthening bilateral trade ties.
India Imposes New Quality Standards on Imported Data Processing Units
India has introduced stricter quality control measures for imported automatic data processing machines and units thereof, affecting US exporters under HS Code 8471. Compliance certification is now mandatory.
September 25, 2023
Impact: US exporters may face delays and increased costs to meet India's new standards, potentially reducing short-term trade volume in this category.
US-India Tech Partnership Targets Data Processing Equipment
A new US-India technology partnership agreement highlights the trade of data processing machines and magnetic/optical readers (HS Code 8471) as a key area for growth, with joint investments planned.
August 15, 2023
Impact: This partnership is expected to boost trade in data processing equipment, benefiting both US manufacturers and Indian importers through shared innovation and market access.
Policy Updates
India Revises Import Tariffs on Data Processing Machines
India has reduced import tariffs on automatic data processing machines and units thereof (HS Code 8471) from 10% to 7.5% as part of its trade facilitation measures with the US under the Indo-US Trade Agreement.
Date: September 1, 2023
US Updates Export Controls for Tech Equipment to India
The US Department of Commerce has eased export controls on certain data processing machines and related units (HS Code 8471) to India, streamlining licensing requirements for dual-use technologies.
Date: July 20, 2023