India-US trade deal: Why Indian importers are delaying customs clearance of American dry fruit; ‘opting to pay penalty because…’

As India and the US negotiate a trade agreement before US President Trump's tariff deadline, Indian dry fruit importers are delaying customs clearances for US walnuts and almonds. Anticipating a significant reduction in import duties, potentially around 50%, importers are willing to pay penalties for delayed clearance to avoid financial losses if duties decrease after goods are cleared at current rates. https://ift.tt/6gyZIx3