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Global Tariffs, Categorized
🇺🇸 United States
🇮🇳 India
📦 Of an output exceeding 40 MW
🇺🇸 → 🇮🇳

United States to India Trade Analysis for Of an output exceeding 40 MW

Detailed tariff information for Of an output exceeding 40 MW imports

Of an output exceeding 40 MW Tariff Rate

HS Code:

7.5%
Effective 01-Apr-2023
View general trade relationship between United States and India

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Increasing by 5% annually due to demand for high-capacity power equipment in India

Special Rates

Preferential Rate under India-US Trade Agreement
0%
Applicable only if imported under specific trade agreements or schemes; subject to certification and compliance with rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Highlight Renewable Energy Equipment
Recent trade discussions between the US and India focused on increasing exports of high-capacity renewable energy equipment, including items with an output exceeding 40 MW (HS Code: 8502.31). Both countries aim to strengthen clean energy supply chains.
2023-10-15
Impact: This could lead to increased US exports of high-capacity generators to India, boosting bilateral trade in renewable energy sectors.
India Imposes Temporary Restrictions on High-Capacity Generator Imports
India introduced temporary import restrictions on power generation equipment exceeding 40 MW to encourage domestic manufacturing, affecting US exporters.
2023-09-22
Impact: US companies may face reduced market access in India for these products, potentially decreasing trade volume in the short term.
US and India Sign MoU on Energy Equipment Trade
A memorandum of understanding was signed to facilitate trade in energy equipment, including high-capacity generators exceeding 40 MW, as part of a broader clean energy partnership.
2023-08-10
Impact: This agreement is expected to streamline trade processes and increase US exports of such equipment to India.
Policy Updates
India Revises Import Duties on Power Generation Equipment
India adjusted import tariffs on power generation equipment with output exceeding 40 MW (HS Code: 8502.31), increasing duties by 5% to support local manufacturers.
Date: 2023-09-01
US Announces Incentives for Renewable Energy Exports
The US introduced export incentives for renewable energy equipment, including generators exceeding 40 MW, to strengthen trade ties with countries like India.
Date: 2023-07-15