Indian exports of these products were attracting additional duties in the US as Washington, in 2018, imposed a 25 per cent import duty on steel products and 10 per cent on certain aluminium products on grounds of national security.
In retaliation, India in June 2019 imposed additional customs duties on 28 American products.
The US is allowing these imports from India without paying the extra 25 per cent and 10 per cent duties in return for New Delhi’s decision to remove retaliatory duties on eight American products like apple and walnut.
Additional Secretary of the commerce ministry Peeyush Kumar said that officials will meet twice a year to review the arrangements.
”We will have a biennial meeting…We have requested steel and mines ministries to designate an officer from their side who will be talking to stakeholders and exporters that applications are being properly processed,” Kumar told reporters here.
If Indian exporters would face any bottleneck or problem, it would be conveyed to the commerce ministry and will be taken up with the US during the meetings of the joint monitoring mechanism (JMM), he added.
