Car Import Duty Reduction

National Times Bureau, May 6, 2025: British whisky and luxury cars are set to become significantly more affordable in India following a historic Free Trade Agreement (FTA) signed between the two nations. The deal, finalized after years of negotiations, marks one of the most ambitious trade pacts post-Brexit for the UK and is expected to reshape economic ties with India.Under the agreement, India will slash the import duty on British whisky and gin from 150% to 75% immediately. This will be followed by a phased reduction to 40% over the next decade. High-end British cars will also benefit, with tariffs…