https://www.taxtmi.com/news?id=44577 The India-UK free trade agreement permits UK suppliers to bid for central government procurement in non-sensitive sectors while excluding state and local bodies. UK firms are treated as Class II local suppliers for tenders above an agreed threshold, and the UK has agreed to non-discriminatory treatment of Indian suppliers, with its social value law applying to public service contracts. The pact interacts with existing domestic local-content preferences designed to prioritise suppliers meeting specified local content requirements. en-us Fri, 23 May 2025 19:46:03 +0530 Fri, 23 May 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44577 The India-UK free trade agreement permits UK suppliers to bid for central government procurement in non-sensitive sectors while excluding state and local bodies. UK firms are treated as Class II local suppliers for tenders above an agreed threshold, and the UK has agreed to non-discriminatory treatment of Indian suppliers, with its social value law applying to public service contracts. The pact interacts with existing domestic local-content preferences designed to prioritise suppliers meeting specified local content requirements. News - Fri, 23 May 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=44577