1. Potential Gains: Why Did India Exempt the Iranian Oil Payments from Taxes?
- Author:
- FARAS
- Publication Date:
- 01-2019
- Content Type:
- Commentary and Analysis
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- India has recently exempted Iranian oil payments from taxes and fees, in a move aimed at fostering its relations with Tehran, in the wake of the US temporary waivers, in November, to India along with seven other countries from the sanctions on Iranian oil imports, in order to be able to develop the Iranian port of Chabahar. The US waivers have allowed India to resume trade and investment relations with Iran, albeit in a limited manner. However, despite the expected gains, economic relations between India and Iran will hinge on the extent to which the US administration will renew the waivers granted to the eight countries, to continue buying Iranian oil after the current grace period expires.
- Topic:
- International Relations, Oil, Sanctions, and Tax Systems
- Political Geography:
- Iran, South Asia, Middle East, India, North America, and United States of America