(2) The offender is receiving public assistance. (1) The offender is 62 years of age or older with no income. The Central Statistics Office had in February lowered its growth estimate for Asia’s third-largest economy for FY19 to 7% from the 7.2% estimated earlier.Įxperts, however, said the disruption caused because of trade wars among major economies offered India a chance to improve its share in the world market.The sentencing judge of the court of common pleas shall impose upon an offender, as a condition of supervision, a monthly supervision fee unless the court or a supervising agency designated by the court determines that it should be reduced, waived or deferred based upon one or more of the following criteria: The Reserve Bank of India had also said earlier this month in its second bi-monthly monetary policy statement this fiscal that weak global demand because of escalation in trade wars may further impact India’s exports and investment activity. The International Monetary Fund’s world economic outlook had in April downgraded global growth to 3.3% for 2019, down from the 3.5% it had forecast in January. The strain in trade ties between the two economies comes at a time when global economic growth rate is projected to slow down as trade tensions among major economies such as between the US and China weigh on business confidence and investments.

These retaliatory duties were included long ago but implementation of these was postponed for some time,' said Abhishek Jain, tax partner, EY.

This would result in a higher rate for goods imported from USA vis-a-vis other countries. “With the amendments notified, imports of certain products originating in USA would no longer be eligible for a lower rate of customs duty. Among the targeted imports, duty on walnut has been raised from 30% to 120%, while duty on chickpeas, Bengal gram (chana) and masur dal has been raised from 30% to 70%. The duties were in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products. India had repeatedly postponed the imposition of tariffs of more than $200 million on import of US goods worth $1.4 billion since they were first announced on 20 June 2018. The notification seeks to “.implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing most favoured nation (MFN) rate for all these goods for all countries other than USA'.

Deferred imposition