BusinessMoneycontrol
Strict silver origin rules in UK FTA to prevent import surge into India, sources say
in5points
India and UK FTA includes strict rules of origin for silver to prevent import surge.
Tariffs on qualifying UK-origin silver will be reduced to zero over 10 years.
Exporters must meet product-specific rules of origin to qualify for tariff reduction.
The rules aim to prevent non-UK silver from entering India via the UK.
Sources indicate the provisions are designed to protect domestic silver industry.
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