India-Oman CEPA comes into force: Finance Ministry notifies duty concessions on Omani imports from June 1

/ 1 min read
Summarise

India will offer tariff concessions on nearly 78% of tariff lines under the bilateral trade pact, covering over 94% of imports from Oman by value, while sensitive products will be subject to quota-based market access.

The India-Oman CEPA was signed in December last year.
The India-Oman CEPA was signed in December last year. | Credits: File photo

The finance ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.

ADVERTISEMENT
Sign up for Fortune India's ad-free experience
Enjoy uninterrupted access to premium content and insights.

The India-Oman Comprehensive Economic Partnership Agreement (CEPA) was signed in December last year.

"Provided that the (duty) exemption shall be available only if the importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of the Sultanate of Oman," the finance ministry notification said.

ADVERTISEMENT

This notification will come into force on the 1st day of June, 2026, it said.

India is offering duty concessions on 77.79 per cent of its total tariff lines (12,556), which covers 94.81 per cent of India's imports from Oman by value.

For products of export interest to Oman and those that are sensitive to India, the offer is mostly a tariff-rate quota (TRQ) based tariff liberalisation, which includes products like dates, marbles and petrochemical items