DGFT notifies tariff-rate-quota for cheaper UK car imports under India-UK CETA
India has notified the procedure allowing concessional-duty imports of UK passenger cars under CETA (effective July 15), slashing duties from 110% to 10% over phased years. The quota permits 20,000 units in year one, rising to 37,000 by year five, totalling 3.78 lakh cars over 15 years across £40,000-£80,000 price bands.
India notifies tariff-rate-quota procedure under India-UK CETA (effective July 15) allowing concessional-duty imports of UK passenger cars, cutting duties from 110% to 10% over phased years — impacting India's auto retail and mobility category.
Why this matters
DGFT continues shaping FTA-linked trade mechanics, following its UAE CEPA gold import quota extension and duty-free gold caps, now enabling phased tariff cuts on UK car imports under CETA.
Retail-company signals accelerating at +713000% QoQ.