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DGFT notifies procedure for cheaper UK car imports under new trade deal
Ahead of the India-UK free trade agreement coming into force on July 15, India has notified the procedure for importers to seek approvals for quota-based imports of passenger cars and goods vehicles at concessional import duties from the UK. Under the India-UK Comprehensive Economic and Trade Agreement (CETA), India has agreed to undertake a phased reduction of import duties on automotive imports, from around 110 per cent to 10 per cent, subject to agreed tariff quotas.
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economictimes.indiatimes.com
UK car imports to get lower duty from July 15; India issues application process
India has notified importers on seeking government approval for duty concessions. The free trade agreement with the UK will reduce automotive import duties significantly.…
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thehindubusinessline.com
India notifies process to claim UK FTA tariff quota benefits on vehicle imports
India announces process for claiming UK FTA tariff quota benefits on vehicle imports, effective July 15 under CETA.
