The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification 32/2026-Customs, dated October 16, 2026. This notification marks the implementation of the first set of tariff concessions under the India-New Zealand Free Trade Agreement (FTA). The notification outlines the specific tariff lines that will benefit from reduced duties as part of this agreement.
This change affects importers and exporters dealing with goods covered under the India-New Zealand FTA. The notification potentially impacts the duty rates applicable to these goods, which could affect cost calculations and pricing strategies. Importers and exporters need to review the specific tariff lines mentioned in the notification to determine if their products are affected.
1) Open the official notice here.
2) Check whether your CTH, documents or policy line is touched.
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice.