Tag: FTA
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Indian Government Cuts Import Duty on Korean HRC under FTA
As per the notification released by Ministry of Finance dated 30 Dec’15, the customs duty on HRC imports from Korea has been reduced to 0.63% from 1.25% under Comprehensive Economic Partnership Agreement (CEPA), which is a part of bi-lateral trade agreement between India and Korea. “In exercise of the powers conferred by sub-section (1) of section…