Automobile
Low Demand Marks First Phase of UK Car Imports Under India Trade Deal
Reported by Rohit Yadav (Staff Writer) · Bing News - Automobile (India) ·
Unconfirmed — Reported by one source so far
Reported by one source so far
Worth knowing
Representative image · PexelsIndia approved all 642 UK car import applications under the first tariff-rate quota phase of the Comprehensive Economic and Trade Agreement. This leaves more than 4,300 preferential-duty units unused for the current calendar year. A senior government official stated that the first round saw a weak response out of 5,000 available units. Authorities received a total of eight applications to import cars at reduced duties. Seven of those applications were found to be correct, while one applicant received a deficiency letter.
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