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of <h1>India Reduces Customs Duties on Select Goods Under SAFTA Agreement, Effective July 1, 2006</h1> The government announced a reduction in customs duties for specific products under the South Asian Free Trade Area (SAFTA) agreement, effective July 1, 2006. This exemption applies to goods imported into India from countries listed in Appendix I and Appendix II, provided the importer verifies the goods' origin as per SAFTA's rules. The notification specifies various goods and their respective duty rates, with some goods being exempt from this reduction as outlined in Annexures I, II, and III. The notification supersedes previous ones and has been amended multiple times since its issuance.
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