Exclusive: Govt plans to cut down import duty on liquor products from 150% to 30% under FTA; Anil Singhvi explains how it helps India, UK | Details
The free trade agreement (FTA) talks between India and the UK are all set to be finalised before Diwali, sources told Zee Business.
The government would gradually slash import duty on high-end products from 150% to 100% in the first year, 50% in the second and 30% by the end of the third year once the FTA is signed between the two countries.