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of <h1>India Reduces Customs Duties Under SAFTA Agreement to Boost Trade; Effective January 1, 2011, With Revised Rates.</h1> The Government of India has amended Notification No. 67/2006-Customs, reducing customs duties for certain products under the South Asian Free Trade Area (SAFTA) agreement. The revised notification, effective from January 1, 2011, lists various goods and their corresponding import duty rates from countries specified in two appendices. Most goods listed have their duty rates reduced to nil when imported from countries in Appendix II. This amendment aims to facilitate trade and promote economic cooperation within the SAFTA region. The notification details specific goods and their revised duty rates, ranging from 5% to 11% for imports from Appendix I countries.
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