India notifies first New Zealand FTA duty cuts; wine, honey, kiwi fruit to get concessions from Oct 20
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India notified the first customs duty cuts for New Zealand imports starting October 20.
- ✓The deal covers wine, manuka honey, kiwi fruit, and sheep meat.
- ✓While many goods got lower rates, the government kept dairy and sensitive sectors out.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
India has notified the first set of customs duty concessions for imports from New Zealand under their free trade agreement, effective October 20. The preferential rates cover products such as wine, manuka honey, kiwi fruit and sheep meat, with limited quantities of select goods allowed under tariff-rate quotas and dairy and other sensitive sectors excluded.
India has notified the first set of customs duty concessions for imports from New Zealand under the two countries' free trade agreement (FTA), with preferential rates for products including wine, manuka honey, kiwi fruit and sheep meat set to take effect from October 20.
The Finance Ministry notification specifies revised basic customs duty (BCD) and cess rates for selected imports. It also provides for tariff-rate quotas (TRQs), allowing specified quantities of certain products to enter India under preferential terms.
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Economic Times
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