You Pay 15% Duty on Importing Goods.

Example:

Diesel engines from Malaysia:

→ 5% under India‑ASEAN FTA (Free Trade Agreement) vs 15% standard.

Electric generators:

→ 0% India–ASEAN FTA vs 7.5% standard.

5 FTA benefits importers should never overlook:

→ Zero or reduced customs duty on eligible goods

→ Simplified and faster clearance procedures

→ Access to wider supplier markets

→ Clearly defined Rules of Origin

→ Legal framework for trade dispute resolution

→ Even if the invoice is issued from Country A, And the goods are shipped from B, you may still qualify for FTA.

→ It’s called “Bill‑to‑Ship‑to.”

→ Many FTA cover this situation as well.

→ India is forging FTAs with UK, EU, Canada.

→ Every deal could cut your import costs.

So what’s your next move?

• List your imports.
• Check FTA eligibility.
• Get the necessary docs.
• Claim duty savings.
• Check if your supplier country has an active or upcoming FTA with India.