GENERAL11 Sept 2026
India-EU FTA: European cars to get cheaper in India; check new import duty rules
India's free trade agreement (FTA) with the European Union will make imported European cars cheaper, but only for the pricier ones. The duty relief applies to cars priced above Euro 15,000, which is roughly Rs 16.6 lakh. Cars below that price will still pay the existing import duty. So luxury buyers gain, while budget imports stay unchanged. If you plan to buy, check the price first.
Key Statutory Highlights
- The duty concession applies only to cars priced above Euro 15,000, which works out to roughly Rs 16.6 lakh.
- Cars priced below that Euro 15,000 mark will continue to face the existing import duty.
- The report says European cars will get cheaper in India under the new import duty rules announced through the India-EU FTA.
Actionable Advice for Taxpayers / Founders:If you are planning to import or buy a European car, first check whether its price is above the Euro 15,000 mark, since only cars above that level get the duty relief. Please confirm the current duty position with your customs broker or a CA before you commit any money.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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