Import Duty
Latest news, explainers and analysis on Import Duty. Tracking 2 stories on Arth Vani.
Latest on Import Duty
EU to Cut Car Import Duty for India: 2.5 Lakh Cars Annually
The European Union will allow 2.5 lakh Indian cars into the bloc each year at a reduced 8% import duty, a concession that will phase out to zero over five years. This move is part of an upcoming free trade agreement expected to be signed and implemented soon.
India-UK FTA: Boris Johnson Highlights 50% Cut in Scotch Whisky Tariffs
Former UK Prime Minister Boris Johnson has lauded the progress of the India-UK Free Trade Agreement (FTA), specifically highlighting the reduction of import duties on Scotch whisky. While the initial 'Diwali deadline' for the deal was missed, Johnson noted that tariffs have already seen a significant drop from 150% to 75%.
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