New Delhi, Oct. 17 -- India has announced the first set of import duty concessions under its free trade agreement (FTA) with New Zealand, notifying preferential customs rates for selected products from 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.

Under the notification, fresh, chilled and frozen sheep meat covered by the specified tariff en...