New Delhi : The Federation of Indian Export Organisations (FIEO) wishes to clarify recent reports regarding the European Union’s notification extending the withdrawal of GSP benefits on certain product categories from India.
While it has been reported that approximately 87% of India’s export value to the EU falls under the broad product categories mentioned in the EU notification, it is important to note that this does not imply that 87% of Indian exports will face higher duties.
Firstly, the EU notification refers to broad product groupings, within which: (i) Several products . . .
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