India reserves right to retaliate if UK's proposed carbon tax hits exports: Official https://www.taxtmi.com/news?id=43126 India reserves the right to retaliate or rebalance concessions under the India-UK FTA if the UK's proposed Carbon Border Adjustment Mechanism materially impacts Indian exports; the FTA lacks a specific counter mechanism and New Delhi will monitor UK legislation and may respond to measures that nullify concessions, with potential effects focused on emissions intensive sectors such as iron and steel, aluminium, fertiliser and cement. en-us Wed, 07 May 2025 11:31:02 +0530 Wed, 07 May 2025 11:31:02 +0530 TaxTMI RSS Generator India reserves right to retaliate if UK's proposed carbon tax hits exports: Official https://www.taxtmi.com/news?id=43126 India reserves the right to retaliate or rebalance concessions under the India-UK FTA if the UK's proposed Carbon Border Adjustment Mechanism materially impacts Indian exports; the FTA lacks a specific counter mechanism and New Delhi will monitor UK legislation and may respond to measures that nullify concessions, with potential effects focused on emissions intensive sectors such as iron and steel, aluminium, fertiliser and cement. News - Wed, 07 May 2025 11:31:02 +0530 https://www.taxtmi.com/news?id=43126