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INDIA: Duty-Free Capital Goods Imports Set to Replace Export Subsidies

According to local media reports, plans are in place to permit the duty-free import of capital goods. The move is intended to counter any fallout from the planned withdrawal of several of the export incentive schemes currently available to domestic producers.

The move to phase out the export incentive schemes follows complaints that India’s export subsidies are in violation of its WTO commitments.

Content provided by Picture: HKTDC Research
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