Duties and value-added taxes are not the same thing. A duty is paid only on items that are imported. For instance, you won't have to pay a customs duty on items valued under $800. But, there is a ...

Preferential Rates of Duty on Some American Products Secured by Minister Thompson. Share full article. Jan. 31, 1904. Credit... The New York Times Archives.

ISLAMABAD, Aug 8: The government has allowed a preferential duty of five per cent on import of machinery, equipment and other items required for setting up and expansion of three-star and above ...

Chennai: In order to curb misuse of preferential trade agreements, the government has mandated that importers should furnish ‘proof of origin’ documents instead of ‘certificate of origin ...

An importer will now be required to submit ‘proof of origin’ as against ‘certificate of origin’ to preferential rate of duty in terms of a trade agreement.

Indian exporters are increasingly leveraging free trade agreements, as evidenced by a rise in preferential certificates of origin issued. The number climbed to 7,20,996 in 2024-25, up from 6 ...

To check the trade imbalance and misuse of duty benefit, the government has adopted a two-pronged strategy: Initiate renegotiation of trade agreements with partners; and legislate additional ...

Preferential tax rates agreed under a 2010 economic co-operation agreement would be suspended on imports of vinyl chloride, propylene, paraxylene and nine other chemical compounds manufactured in ...

The EU has withdrawn the preferential duty access for Indian goods as there has been an improvement in the income levels and competitiveness in India. Textiles will now attract import duties in the EU ...