https://www.taxtmi.com/article/detailed?id=14487 The India-UK Free Trade Agreement proposes extensive tariff liberalisation, including immediate duty free access for a majority of UK products, phased tariff cuts for specified sectors (notably spirits and motor vehicles), and broad reductions across many tariff lines. It pairs tariff concessions with administrative facilitation-customs clearance within 48 hours, duty deferral, and paperless trade-and applies flexible Rules of Origin permitting third country inputs to qualify for preferential treatment. The agreement is pending finalisation, signature and ratification. en-us Sat, 24 May 2025 09:03:16 +0530 Sat, 24 May 2025 09:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14487 The India-UK Free Trade Agreement proposes extensive tariff liberalisation, including immediate duty free access for a majority of UK products, phased tariff cuts for specified sectors (notably spirits and motor vehicles), and broad reductions across many tariff lines. It pairs tariff concessions with administrative facilitation-customs clearance within 48 hours, duty deferral, and paperless trade-and applies flexible Rules of Origin permitting third country inputs to qualify for preferential treatment. The agreement is pending finalisation, signature and ratification. Articles Income Tax Sat, 24 May 2025 09:03:16 +0530 https://www.taxtmi.com/article/detailed?id=14487