India cut Customs duty on 539 manufactured products from Singapore

The Hindu Business Line, 2 Jan 2011The Finance Ministry has cut Customs duty on 539 manufactured items from Singapore.This is part of an agreed tariff elimination package under a bilateral free trade pact.The latest move will further stimulate trade in goods, which both sides want to double to $32 billion by 2015.The tariff cuts on the 539 items are expected to bring down the import cost of a