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India cuts customs duties on cars from South Asia
- Monday, January 07 - 2008 at 10:25
India has cut customs duties on a host of items, including cars, bikes, vegetable oil and other foodstuff from South Asian countries to conform with a regional trade pact, reported Reuters. The reductions on more than 120 items came into effect from January 1, the Central Board of Excise and Customs said in a notification. The duty on cars and motorcycles imported as completely knocked down units from Pakistan and Sri Lanka has been reduced to 10 per cent from 12.5 per cent.
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Amena Bakr, Senior ReporterMonday, January 07 - 2008 at 10:25 UAE local time (GMT+4)
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