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India- Australia Economic Cooperation and Trade Agreement (IndAus ECTA)
1 Applicable Customs Duties on Wine imports from Australia
| CIF* Value of Wine for a 750 ml bottle (USD) |
Existing Customs Duty |
EIF | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CIF<5 | 150% | 150% | 150% | 150% | 150% | 150% | 150% | 150% | 150% | 150% | 150% | 150% |
| 5<=CIF<15 | 150% | 100% | 95% | 90% | 85% | 80% | 75% | 70% | 65% | 60% | 55% | 50% |
| CIF>= 15 | 150% | 75% | 70% | 65% | 60% | 55% | 50% | 45% | 40% | 35% | 30% | 25% |
2 The “CIF Value of Wine” listed in this part shall be indexed every 10 years following entry into force of the Agreement.
3 The indexation shall be based on India’s Wholesale Price Index (WPI) for Wine, taking the year of EIF of the Agreement as the base year.
4 The Parties shall confirm the amendment to the “CIF Value of the Wine” 6 months prior to the introduction of such an amendment.