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3 Million Pieces of Garments at zero duty to India under Indo-Sri Lanka Free Trade Agreement (without any restrictions including ports or sourcing of fabrics) |
As a result of on going negotiations under Comprehensive Economic Partnership Agreement (CEPA) between Sri Lanka and India, India has removed restriction on entry ports and sourcing of fabrics for 3 million pieces of apparel products from Sri Lanka to India at zero duty, out of the available Tariff Rate Quota (TRQ) of 8 million pieces of apparel products. Under the Indo-Sri Lanka Free Trade Agreement (ISFTA), India had initially allowed import of 8 million pieces of apparel products from Sri Lanka, manufactured using Indian made fabrics with restriction on entry ports.
The Government of India has issued a Custom Notification No. 52/2008 dated 22nd April 2008 giving immediate effect to this arrangement. Click here for the The list of products, which enjoys this concession.
With the above Customs Notification India has also removed port restrictions on the balance 5 million pieces of apparel products. These 5 million pieces of garments will be allowed to enter India at zero duty or Margin of Preference of 75% depending on the product category provided that manufactured using Indian made fabrics.
Department of Commerce
25/04/2008 |
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