EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 years
The Economic Times has reported a new India-focused policy development: “EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 years.” The publisher's feed describes the story as follows: The European Union will permit 2.5 lakh Indian passenger vehicles annually at a reduced 8 percent duty. This import duty concession will gradually decrease to zero percent over five years. Quotas for electric and hybrid vehicles also receive phased duty reductions and inc
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