https://www.taxtmi.com/news?id=43043 FTAs reduce or eliminate customs duties and non tariff barriers and expand coverage to services, investment and related areas, delivering preferential market access and investment incentives. A declared zero duty in an FTA means zero basic customs duty only; domestic taxes and cesses (for example IGST and welfare cesses) remain payable. Each agreement includes an exclusion or sensitive list of products not subject to duty reduction and provides for periodic review to resolve implementation issues. en-us Tue, 06 May 2025 19:16:03 +0530 Tue, 06 May 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43043 FTAs reduce or eliminate customs duties and non tariff barriers and expand coverage to services, investment and related areas, delivering preferential market access and investment incentives. A declared zero duty in an FTA means zero basic customs duty only; domestic taxes and cesses (for example IGST and welfare cesses) remain payable. Each agreement includes an exclusion or sensitive list of products not subject to duty reduction and provides for periodic review to resolve implementation issues. News - Tue, 06 May 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=43043