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Aditi Goyal

Associate (White Collar & Investigations) in the Dispute Resolution at the Mumbai office of Cyril Amarchand Mangaldas. Aditi has graduated from NALSAR University of Law, Hyderabad in 2023. She has previously worked with the General Corporate practice and the Public Policy practice. Her experience includes advisory related to sanctions, investigations, listed companies, and tech policy. She can be reached at aditi.goyal@cyrilshroff.com

Summary: The United States has recently imposed an additional 25% ad valorem tariff on Indian imports, raising the total tariff to 50%. Positioned as a “penalty” for India’s continued trade in Russian oil, this measure marks a shift from purely reciprocal trade action to an instrument of foreign policy enforcement. In this article, we discuss the key features of the new order, its commercial and compliance implications for Indian exporters, and the steps businesses can take to manage legal and operational risks in light of these developments.Continue Reading U.S. Doubles Down: Tariffs on Indian Imports Surge from 25% to 50%

U.S. Tariff and Sanctions Actions Target Indian Trade: Key Considerations for Businesses

On July 30, 2025, U.S. President Donald Trump announced that the United States would impose a 25 per cent tariff on all goods imported from India. This announcement was first made via a social media post[1] and triggered widespread concern among Indian exporters and multinational stakeholders with supply chain links to India. On July 31, 2025 it was formalised by an executive order[2] which imposed varying ‘reciprocal tariffs” on a range of goods from 69 countries and European Union, including India. For countries not listed, a default rate of 10 per cent will apply. This order will be effective on August 7, 2025.Continue Reading U.S. Tariff and Sanctions Actions Target Indian Trade: Key Considerations for Businesses

Comprehending the World Bank’s Sanctions Regime: Guidance for Indian Companies, Banks and Financial Institutions

As one of the foremost international financial institutions, the World Bank (“Bank”) aims to strengthen economic progress in middle- and lower-income nations by providing financial aid for various development projects.[1] However, in 2018, the Bank sanctioned an Indian enterprise which was engaged in executing a Bank-funded project[2], highlighting the accountability of these funds. Recipients of these funds are held accountable by the Bank for using the proceeds responsibly, which is where the Bank’s sanctions regime becomes relevant.Continue Reading Comprehending the World Bank’s Sanctions Regime: Guidance for Indian Companies, Banks and Financial Institutions

Understanding Trade Sanctions: Implications for Indian Investors and Businesses

In today’s interconnected global economy, trade sanctions have emerged as a crucial instrument for countries to exert influence over international relations, safeguard national interests, and address issues such as human rights violations and geopolitical conflicts. For Indian investors, companies and shareholders navigating these complexities, understanding trade sanctions – particularly those imposed by the United States (US), European Union (EU), and United Kingdom (UK) – is essential.Continue Reading Understanding Trade Sanctions: Implications for Indian Investors and Businesses

Navigating ESG Compliance: Lessons from Recent Trends and the Santos Case

In an era marked by growing environmental consciousness and regulatory oversight, companies across the globe are facing heightened scrutiny over their sustainability claims. The recent lawsuit[1] against Santos Ltd., a major Australian energy company, serves as a wake-up call for corporations navigating the evolving landscape of Environmental, Social, and Governance (ESG) compliance. This article explores key takeaways from this landmark case, highlights the current ESG regulatory framework in India, and provides practical guidance for companies and investors to avoid similar pitfalls.Continue Reading Navigating ESG Compliance: Lessons from Recent Trends and the Santos Case