image

India allows duty-free import of goods from Afghanistan

India has extended duty-free market access to Afghanistan as part of its economic package for least developed countries (LDCs).

Under the scheme, the import of most products from the neighbouring country will be allowed at zero duty.

The Finance Ministry has issued a notification in this regard.

India’s Duty-Free Tariff Preference (DFTP) scheme, launched by Prime Minister Manmohan Singh in 2008, provides preferential duty access on products comprising 92.5 per cent of global LDC exports.

The DFTP scheme grants duty-free access on 85 per cent of India’s total tariff lines. The scheme is to be implemented over a period of five years through five equal tariff reductions of 20 per cent each on the current applied rates to bring down the duty rate to zero.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates