Tariff concessions under India-UAE CEPA: customs notification substitutes tariff tables, revises duties, quotas and import conditions effective April. The notification substitutes TABLE I, TABLE II and TABLE III of Notification No. 22/2022 Customs, revising basic customs duty rates, specifying AIDC rates for listed tariff items, introducing quota based in quota tariff and AIDC treatment with stated quota quantities, and amending Annexure conditions to require nominated agencies' IEC in TRQ authorisations and compliance with concessional import procedure; these measures implement the first tranche of India-UAE CEPA concessions and take effect from 1st April, 2023.
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Tariff concessions under India-UAE CEPA: customs notification substitutes tariff tables, revises duties, quotas and import conditions effective April.
The notification substitutes TABLE I, TABLE II and TABLE III of Notification No. 22/2022 Customs, revising basic customs duty rates, specifying AIDC rates for listed tariff items, introducing quota based in quota tariff and AIDC treatment with stated quota quantities, and amending Annexure conditions to require nominated agencies' IEC in TRQ authorisations and compliance with concessional import procedure; these measures implement the first tranche of India-UAE CEPA concessions and take effect from 1st April, 2023.
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