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India clears 642-car import quota from UK under India-UK trade agreement

India's Directorate General of Foreign Trade approved seven companies to import 642 cars. These imports will occur under the India-UK free trade agreement's tariff rate quota provisions. The government had sought applications for a quota of approximately 5,000 vehicles for the year 2026. This approval marks the first allocation under the 2026 quota following recent applications. The agreement allows concessional customs duty on vehicle imports from Britain.

16 Sep 2026 3:19 pm