DGFT Opens Tariff-Rate Quota Window for UK Car Imports Under India-UK FTA
India's DGFT has invited auto importers to apply for a Tariff-Rate Quota covering 3.78 lakh UK-made vehicles over 15 years, slashing import duty from 110% to 10%. Applications close Aug. 4, with quota licenses valid for 12 months—potentially lowering prices for OEMs, dealers and consumers.
DGFT opens Tariff-Rate Quota applications for UK auto imports under India-UK FTA, cutting duties to 10% from 110%, benefiting OEMs, dealers, and consumers via lower vehicle prices.