India-New Zealand FTA: Sheep meat gets zero duty, kiwi fruit at 15% as tariff cuts take effect October 20
India has notified its first set of customs duty concessions for imports from New Zealand under the bilateral free trade agreement, with preferential rates taking effect on October 20.
India has announced the first set of import duty concessions under its free trade agreement (FTA) with New Zealand, effective October 20. The Finance Ministry issued a notification on October 16 specifying revised basic customs duty (BCD) and cess rates for eligible imports. The concessions cover designated tariff lines and are subject to product-specific classifications and conditions.
The notified measures include duty relief for sheep meat and preferential rates for eligible kiwi fruit imports, alongside concessions covering products such as wine and manuka honey.
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