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INDIA TO CUT IMPORT TARIFFS ON CARS TO 40% FROM AS HIGH AS 110% UNDER TRADE DEAL WITH EU, SOURCES SAY
TARIFF CUTS WILL BE ON A LIMITED NUMBER OF CARS WITH AN IMPORT PRICE OF OVER 15,000 EUROS, SOURCES SAY
TARIFF WILL BE CUT TO 40% IMMEDIATELY, WITH FURTHER REDUCTIONS OVER TIME TO 10%, SOURCES SAY
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