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Duty cuts put UK luxury cars in fast lane in India; prices may drop by Rs 1-3 crore
Luxury car prices in India are set to decrease significantly soon. This change follows the India-UK free trade pact taking effect July fifteenth. Customs duty on fully imported cars will drop to thirty percent. This reduction applies to an allotted quota of twenty thousand cars annually. Most companies are still preparing to announce their new pricing structures.
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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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thehindu.com
India lays out tariffs and quotas for U.K. vehicles under trade deal
India establishes tariffs and quotas for U.K. vehicle imports, offering reduced rates under the new trade deal.
