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    Question

    Under the special arrangement for automobiles, what is

    the reduced import duty rate for European cars priced above ₹25 lakh, subject to quota?
    A 15% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 25% Correct Answer Incorrect Answer
    E 30% Correct Answer Incorrect Answer

    Solution

    The agreement introduces a quota-based system under which European cars priced above ₹25 lakh will see import duties reduced from 110% to as low as 10% , subject to quota limits.

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