NEW DELHI, April 25 (Reuters) - India has ruled out any
immediate impact from a World Trade Organization (WTO) panel
ruling that the Asian country violated global trading rules by
imposing tariffs on some IT products, the country's government
said in a statement on Tuesday.
"As per the available Dispute Settlement procedures, India
is taking the necessary steps, and is also exploring options
available in light of its WTO rights and obligations," the
government said.
Such options could include a plan to appeal against the
ruling, Reuters has reported.
Last week, the WTO panel gave its ruling related to a 2019
dispute with the European Union, Japan and Taiwan over import
duties on IT products.
In 2019, the EU challenged India's introduction of import
duties of between 7.5% and 20% for a wide range of IT products,
such as mobile phones and components, as well as integrated
circuits, saying they exceeded the maximum rate. Japan and
Taiwan filed similar complaints that same year.
(Reporting by Shivangi Acharya and Shilpa Jamkhandikar;
Editing by Savio D'Souza)
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