Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India better positioned against proposed US tax laws: Report.


Date: 28-01-2017
Subject: India better positioned against proposed US tax laws: Report
NEW DELHI: Significant uncertainty surrounds the possible US shift to a new border adjustment tax, but India and Indonesia are better positioned as compared to other Asian economies, says a report. 

Under the current proposals for the US border adjustment tax, exports will be exempted from the calculation of US corporate taxable incomes, while imports will be taxed. 

"In a scenario of no or limited USD adjustment, US import prices could rise as much as 25 per cent, resulting in Asia exports declining 3-4 per cent in aggregate, and shaving around 0.5 per cent from the region's GDP," Credit Suisse said in a research note. 

According to global financial services major Credit Suisse, Asian economies like Vietnam, Taiwan, Korea and Malaysia look most vulnerable to a possible US move to border adjustment tax as these countries export product mix that have higher price elasticity, meaning demand is more sensitive to changes in import prices. 

The hit to GDP of these most exposed four economies would be around 0.5-0.9 per cent due to a likely decline in exports to the US, the report noted. 

"India and Indonesia, on the other hand, are better positioned, partly because their export products are less price elastic," the report adding that these two economies are "less exposed to border tax adjustments in the US due to their lower share of exports to the US as a share of GDP". 

The report jotted down some of the other potential risks to Asian economies that could come from the US border adjustment tax like -- rapid USD appreciation, other economies (like China) would also respond with its own version of border adjustment tax or other similar policies among others, it added.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001