Industry is unlikely to witness any negative impact of the recent WTO panel ruling on Indian IT tariffs as a protracted legal dispute might take years before a final order, a government official said.
The WTO’s dispute settlement panell found tariffs imposed by India on mobile phones and electronic components in violation of the General Agreement on Tariffs and Trade.
India has declined the EU’s offer to resolve the issue using multi-party interim appeal arbitration, an alternative to the dispute settlement mechanism and is working on its appeal which will be filed in the next 50 days.
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