India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs
The CBIC has made it easier for importers to claim preferential tariffs under the India-UK trade agreement. A valid origin declaration from UK exporters will generally suffice to prove origin. Previously, Form-I was necessary with every Bill of Entry for claiming preferential treatment. Now, this documentation is not required for routine import declarations. This change aims to streamline the…
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
