GK and monthly revision

Finance Ministry notifies rules for determination of origin of goods under India-UK trade pact

The Finance Ministry of India has notified rules for determining the origin of goods under the India-UK Comprehensive Economic and Trade Agreement (CETA), effective from July 15, 2026. This trade pact allows duty-free access for 99% of Indian exports to the UK, significantly benefiting sectors like textiles and engineering. The rules aim to ensure that only genuine products qualify for preferential tariffs, thus preventing misuse and reinforcing the integrity of the trade agreement.