New Delhi - The Indian government has invited applications from eligible importers for tariff-rate quotas (TRQs) covering imports of passenger vehicles from the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA), marking another step toward implementing the recently concluded trade pact.
The Directorate General of Foreign Trade (DGFT) has issued the application process for allocating import quotas that will allow eligible vehicles from the UK to enter India at concessional customs duty rates, subject to the terms and annual quota limits specified under the agreement.
The quota mechanism is designed to . . .
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