https://www.taxtmi.com/news?id=70859 Indian oil companies will continue to procure crude from jurisdictions offering the lowest prices and best quality, considering geopolitical factors and excluding sanctioned sources; procurement may include suppliers newly available after sanctions are lifted. Separately, officials reported progress toward an interim India-US trade agreement and an India-EU FTA, describing reciprocal tariff adjustments (notably an 18 percent US tariff on Indian goods) and an aspirational bilateral import objective of USD 500 billion, with finer terms and confidentiality to be resolved. en-us Tue, 10 Feb 2026 22:31:05 +0530 Tue, 10 Feb 2026 22:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70859 Indian oil companies will continue to procure crude from jurisdictions offering the lowest prices and best quality, considering geopolitical factors and excluding sanctioned sources; procurement may include suppliers newly available after sanctions are lifted. Separately, officials reported progress toward an interim India-US trade agreement and an India-EU FTA, describing reciprocal tariff adjustments (notably an 18 percent US tariff on Indian goods) and an aspirational bilateral import objective of USD 500 billion, with finer terms and confidentiality to be resolved. News - Tue, 10 Feb 2026 22:31:05 +0530 https://www.taxtmi.com/news?id=70859