TMI BlogList of Free Trade Agreements (FTAs) / Preferential Trade Agreements (PTAs) signed by IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... the mutually agreed points of trade, expansion in the list of items included for preferential trade, simplification of trade procedures, improving Nepalese supply capacities, provision of two level institutional mechanisms for problem resolution etc. 3. India- Sri Lanka FTA (ISLFTA) 28.12.1998 01.03.2000 Free Trade Agreement (FTA) between India and Sri Lanka was signed on 20.12.1998 and was operationalised in March 2000 following notification of required Customs tariff concessions by Government of Sri Lanka and India. Procedure for import of certain listed items under ISLFTA is at Annexure-I 4. Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan Maldives, and Afghanistan) 04.01.2004 01.01.2006 Afghanistan became Eighth Member of SAARC from April 2007 and the provisions of Trade Liberalization Programme (TLP) are applicable to Afghanistan w.e.f. 07.08.2011). 5. India - Thailand FTA - Early Harvest Scheme (EHS) 9.10. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A) 22.02.2021 01.04.2021 Under the CECPA, India and Mauritius provide for an institutional mechanism to encourage and improve trade between the two countries. Export items for India, include food stuff and beverages, agricultural products, textile and textile articles, base metals and articles thereof, electrical and electronic item, plastics and chemicals, wood and articles thereof, and others while Mauritius gets preferential market access into India for frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel. 12. India UAE Comprehensive Economic Partnership Agreement (CEPA) 28.03.2022 01.05.2022 Under the India UAE CEPA, following are the items included under the TRQ: PE, PPE (tariff heads - 3901, 3902), PVC (tariff head - 3904), Gold Bullion/Sheets (tariff head - 7108), Articles of Gold (tariff head - 7113) and Copper (tariff head - 7408). The procedure for items listed under the TRQ is at Annexure IV. 13. Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ober 2014. 3 India Afghanistan 06.03.2003 May 2003 A Preferential Trade Agreement between Transitional Islamic State of Afghanistan and Republic of India was signed on 6.3.2003 and was operationalised with issuance of Customs Notification No 76/2003 dated 13.5.2003. EIC is sole agency to issue CoO under India Afghanistan Preferential Trade Agreement. 4 India MERCOSUR 25.01.2004 01.06.2009 Through this PTA, India and MERCOSUR have agreed to give tariff concessions, ranging from 10% to 100% to each other on 450 and 452 tariff lines respectively. (Annexure II) 5 India Chile 08.03. 2006 August, 2007 Under this PTA, India has offered tariff preferences on 202 tariff lines (as per 2007 HS) at the 8 digit level to Chile with the margin of preference (MoP) ranging from 10%-50% and Chile has offered tariff preferences on 296 tariff lines to India at the 8 digit level with MoP ranging from 10%- 100%. 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T website (www.dgft.gov.in). No physical copies of the application are required to be submitted. (f) Allocation will be made equally among the eligible applicant subject to quantity applied. The application in ANF 2M and AND-1 along with the requisite fee is required to be filed online as per the procedure laid down in Trade Notice No. 49 dated 15.03.2019. The application should be sent by 28th February of the financial year. ***** Annexure-II Procedure for import of Crude Soya Oil (HS Code: 15071000) under India-Mercosur Trade Agreement. i. The total quantum of import of Crude Soya Oil that can be imported under India-Mercosur Preferential Trade Agreement shall be as under: Sl.No. ITC (HS) Code Description of goods Total aggregate quantity that is available for import under India-Mercosur Preferential Trade Agreement 1. 1507 10 00 Crude Soy Oil from Paraguay 30,000 MT ii. Theses imports will be permitted subject to the following arrangements/procedure: - a. Import would be subject to Government of India, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tunas 7000 tons combined for all goods 7. 16041490 Other 8. 16042000 Other prepared or preserved fish 9. 17011490 Specialty Sugar 15000 tons 10. 22030000 Beer made from malt. 2,000,000 litres 11. 22060000 Fruit Wine: Other fermented beverages (for example, cider, perry, mead, sake); mixtures of fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, not elsewhere specified or included. 5000 litres 12. 22084011 In containers holding 2 l or less: ----Rum 1.50 million litres combined for all goods 13. 22084012 In containers holding 2 l or less: ----Other 14. 22084091 Other: ---- Rum 15. 22084092 Other: ---- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Directorate General of Foreign Trade and transmitted to Indian Customs EDI System (ICES). i. Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system. ***** Annexure-IV Imports of Items under the TRQ of the India- UAE CEPA HS 8 Code Description Effective Rate (%) Tariff Modality Offered Schedule of Tariff Rate Concessions (%) 39011010 Linear low-density polyethylene (LLDPE), in which ethylene monomer unit contributes 95% or more by weight of the total polymer content 7.5 TR of 50% in 5 years with specified year-wise TRQs 7.0 (TRQ - 45,000 MT) 6.5 (TRQ - 50,500 MT) 6.0 (TRQ - 56,000 MT) 5.0 (TRQ - 61,500 MT) 3.75 (TRQ - 67,500 MT) 3.75 (TRQ - 86,300 MT) 3.75 (TRQ - 105,000 MT) 3.75 (TRQ - 105,000 MT) 3.75 (TRQ - 105,000 MT) 3.75 (TRQ - 105,000 MT) 39011020 Low density polyethylene ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.75 (TRQ - 158,500 MT) 3.75 (TRQ - 158,500 MT) 39023000 Propylene copolymers 7.5 7.0 (TRQ - 50,000 MT) 6.5 (TRQ - 55,000 MT) 6.0 (TRQ - 60,000 MT) 5.0 (TRQ - 65,000 MT) 3.75 (TRQ - 70,000 MT) 3.75 (TRQ - 90,900 MT) 3.75 (TRQ - 112,000 MT) 3.75 (TRQ - 112,000 MT) 3.75 (TRQ - 112,000 MT) 3.75 (TRQ - 112,000 MT) 39029000 Other polymers of propylene or of other olefins, in primary forms 7.5 7.0 (TRQ - 4,000 MT) 6.5 (TRQ - 4,500 MT) 6.0 (TRQ - 5,000 MT) 5.0 (TRQ - 5,500 MT) 3.75 (TRQ - 6,000 MT) 3.75 (TRQ - 7,700 MT) 3.75 (TRQ - 9,500 MT) 3.75 (TRQ - 9,500 MT) 3.75 (TRQ - 9,500 MT) 3.75 (TRQ - 9,500 MT) 39041010 Emulsion grade PVC resin / PVC Pasteresin/ PVC dispersion resin 10 Tariff Reduc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rimary forms 7.5 7 6.5 6 5 3.75 3.75 3.75 3.75 3.75 3.75 71081100 Non-monetary gold powder 10 TR (Tariff concession/relief of 1% in absolute percentage terms, TRQ of 200 tons phased in 5 years) 1% absolute duty reduction over the applied rate (TRQ of 120 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 140 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 160 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 180 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 200 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 200 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 200 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 200 tonnes) 1% absolute duty reduction over the applied rate (TRQ of 200 tonnes) 1% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Moving Average of Years 2 to 4 in MT) 0.0 (TRQ - Moving Average of Years 3 to 5 in MT) 0.0 (TRQ - Moving Average of Years 4 to 6 in MT) 0.0 (TRQ - Moving Average of Years 5 to 7 in MT) 0.0 (TRQ - Moving Average of Years 6 to 8 in MT) 74081920 Welding wire of copper, cross sectional dimension 6mm 5 74081990 Other wire of refined copper, cross sectional dimension 6mm 5 These imports will be permitted subject to the following arrangements/ procedure: - These imports of Items will be permitted subject to the following arrangements/ procedure: - a. Import would be subject to Ministry of Finance (Department of Revenue) Notification No. 22/2022-Customs dated 30th April 2022 (as amended from time to time) relating to India-UAE CEPA. b. At the time of clearance of the import consignment, the importer in India must produce a Certificate of Origin issued by concerned authorities in UAE. c. The year in respect of these imports will be the period from 1st April to 31st March, i.e., financial year in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an Customs EDI System (ICES). n. Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system or on debit as endorsed. o. In addition to the requirements as above, the TRQ authorization for items under Tariff head 7108 shall also contain Importer-Exporter Code (IEC) of nominated agencies as notified by RBI (in case of banks) or DGFT for other agencies, or qualified jewellers as notified by International Financial Services Centres Authority (IFSCA). The said TRQ importer shall follow the procedure set out in the Customs Import of Goods at Concessional Rate of Duty or for specified end use) Rules, 2022 read with Customs Circular No. 18/2022-Customs dated 10.09.2022. p. The IGCR procedure applies to the importer till supply of gold (falling under 7108) to end-use recipient and filing of monthly statement. The restrictions on job work are only relating to the case where it is undertaken on the goods belonging to importer and does not apply to the end use recipient who receives the goods on supply. Therefore, on receipt of goods under 7108, the TRQ holder may utilize the same for manufacture with or without job work. ***** Annexure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I System (ICES). 7. Imports against the TRQ shall be allowed only upon debiting electronically in the ICES system. 8. The year in respect of these TRQ imports will be the period from 1st January to 31st December, i.e., calendar year in India. 9. There shall be no end date for applying for the TRQ Certificate in the given year. DGFT shall monitor the cumulative quantities for TRQ Certificates issued. No TRQ Certificates shall be issued once the stated TRQ quantity limit is reached. 10. TRQ Certificate shall be valid for a maximum period of 12 months or the end of the year, whichever is earlier. The imports against a TRQ authorisation may be cleared from Indian Customs only within the stated validity of the TRQ authorisation. 11. Import would be subject to Ministry of Finance (Department of Revenue) Notification No. 62/2022-Customs dated 26th December 2022 relating to Ind-Aus ECTA (as amended from time to time). Further, DGFT reserves the right to make any changes in the modalities/allocation process at any point of time, as deemed fit. 12. Procedure for application for imports under TRQ under Ind-Aus ECTA as enumerated above, shall be inserted under Annexure V of A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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