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Policy● Neutral for Indian equities
CBIC eases paperwork to claim concessional duty on imports from UK
The brief
- A valid Origin Declaration will suffice to claim concessional duty under the India-UK CETA
- Form-I may be sought only when a shipment is flagged for checks
- Lower import paperwork may benefit Indian importers and companies sourcing goods from the UK
- Import duty cut on sunflower oil has a significant Russian backdrop
- India cuts edible-oil import duties ahead of festivals
- SEA terms edible oil duty reduction a timely, balanced intervention
- Centre cuts import duty on edible oils ahead of festivals
- India cuts import duties on edible oils to ease prices ahead of festivals