India finalizes rules for trade pact with UK

India-UK trade pact: Centre notifies rules for determination of origin of goods

India's Finance Ministry has finalized rules for goods eligible for benefits under the India-UK trade pact, set to begin July 15. This Comprehensive Economic and Trade Agreement (CETA) will grant duty-free access to 99% of Indian exports, boosting sectors like textiles and engineering. Exporters must now provide a certificate of origin to claim these tariff advantages, ensuring the pact's integrity and preventing misuse.

By TOI BUSINESS DESK