New Delhi, July 10 -- The Directorate General of Foreign Trade (DGFT) has notified the procedure for importers to obtain tariff rate quota (TRQ) certificates for availing concessional import duties on passenger cars and goods vehicles from the United Kingdom under the India-UK Comprehensive Economic and Trade Agreement (CETA), which comes into effect on July 15.

DGFT Notifies TRQ Procedure Under India-UK CETA

Under the agreement, India will reduce customs duties on specified automotive imports from the UK from as high as 110 percent to 10 percent over a phased period, subject to quota limits.

The DGFT said only original equipment manufacturers (OEMs) and their authorised dealers or channel partners will be eligible to apply for TRQ all...