AS THE US plans to impose reciprocal tariffs across trading countries by April 2, the Indian Government has formed a high-level committee which is tasked to review tariff relief on imports from the US. The panel, formed under the Union Commerce Ministry, is likely to submit its report by March 15. The report would be submitted to both the Ministry of Commerce and the Ministry of Finance. According to people close to the matter, the Government review is looking at tariffs that currently range between 15–20 per cent, 50–70 per cent, and 70–80 per cent, and whether rate adjustment could be made in “8- digit code identifying a specific product for custom purposes”.