India has notified the first set of customs duty concessions for imports from New Zealand under the two countries' free trade agreement (FTA), with preferential rates for products including wine, manuka honey, kiwi fruit and sheep meat coming into effect on October 20.
The Finance Ministry's October 16 notification prescribes revised basic customs duty (BCD) and cess rates for specified goods. The concessions apply to the products and tariff lines listed in the notification, subject to the prescribed rates and conditions.
