INCOME TAX21 Sept 2026
India-New Zealand FTA from 20 October: From kiwi to apples and honey, here's what could get cheaper for you | Mint
The India–New Zealand Free Trade Agreement, or FTA, starts on 20 October 2026. It cuts or removes import duties on many New Zealand goods, so items like kiwi, apples and Manuka honey may get cheaper for you. India gave concessions on 70% of tariff lines and kept 30% out, with dairy excluded. Benefits will be phased, so watch retail prices.
Key Statutory Highlights
- The India–New Zealand Free Trade Agreement comes into force on 20 October 2026, after being signed on 27 April this year.
- India has agreed to tariff concessions on 70% of its tariff lines for New Zealand products, while the remaining 30% stay on the exclusion list.
- Dairy products such as milk, cream, yoghurt, cheese and butter, along with onions, chana, peas, corn, almonds, sugar and artificial honey, are excluded.
Actionable Advice for Taxpayers / Founders:If you import or trade in these goods, keep an eye on the official customs notifications before 20 October 2026, so you can plan your pricing and purchases. Whether duty cuts actually reach retail prices will depend on your suppliers.
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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