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of <h1>Tariff Cuts: India Slashes Customs Duties on Imports from ASEAN Nations Under Free Trade Pact</h1> The notification provides duty concessions for imports from ASEAN countries under the ASEAN-India Free Trade Agreement (AIFTA). Key points include:The document specifies customs duty rates for various goods imported from countries listed in Appendix I (including Malaysia, Singapore, Thailand, Vietnam) and Appendix II (Philippines). Most goods have a 0% or 5% customs duty rate, with specific variations across different product categories. The notification aims to reduce trade barriers and facilitate smoother trade between India and ASEAN member states by offering preferential tariff rates.
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