Tag: Section 301
ECONOMY India Seeks Tariff Relief As Gem & Jewellery Exports Face Pressure

The Gem & Jewellery Export Promotion Council (GJEPC) has urged the US to provide tariff relief for natural diamonds and coloured gemstones under the new tariff regime. The new tariff came into effect on July 24. The duty remains unchanged at 10% for Indian gem and jewellery exports. Calls for bilateral trade pact India’s placement […]

CW Bureau · Jul 28, 2026
ECONOMY United States Retains 10% Tariff On Indian Gem, Jewellery Exports

The United States has replaced its temporary Section 122 surcharge with a Section 301 tariff regime, retaining a 10% additional duty on Indian gem and jewellery exports from July 24. The tariff applies to natural diamonds, lab-grown diamonds, coloured gemstones and jewellery. Unlike the earlier Section 122 surcharge, the new Section 301 tariff has no […]

CW Bureau · Jul 24, 2026