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of <h1>India-Mauritius Trade Agreement Update: Customs Tariff Rates Revised; 40% Concession on Select Goods from April 1, 2024.</h1> The notification by the Ministry of Finance amends Notification No. 25/2021-Customs to introduce the fourth tranche of the India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA). It revises the customs tariff rates in Table 1 for various goods, specifying percentages for each tariff item. Additionally, Table 2 outlines tariff concessions for certain goods, applying a 40% concession on specific items. These amendments are set to take effect on April 1, 2024, under the authority of the Customs Act, 1962, as part of ongoing efforts to adjust trade agreements and tariffs in the public interest.
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