New Delhi, Feb. 2 -- Finance minister Nirmala Sitharaman announced several sops to bolster India's seafood industry and marine shipments, including waiver of duties on imported inputs, policies aimed at promoting a sector impacted by increasing protectionism and US tariffs. Catches beyond the country's territorial waters of India may be brought into the country free of duty and such fish, which land at foreign ports, will be treated as exports, the finance minister said in her budget speech on Monday. The budget proposed duty-free imports of specific raw materials needed by the marine-food industry, a step to promote value addition and cut costs for the industry. India is a major exporter of shrimps, including to the US, accounting for 40% of America's domestic seafood consumption. The US has slapped an effective tariff of 50% on Indian goods. The levies are over and above a 7% tax on Indian shrimp that the US charges as a countervailing duty to balance out subsidies given to Indian shrimp farmers. "Landing of such fish on foreign port will be treated as export of goods," Sitharaman said....