India eases import rules for big vehicles - trade min

Newswire

NEW DELHI, Dec 31 (Reuters) - The Indian government has eased rules governing the import of vehicles with engine capacity of 2,500 cc or more, the trade ministry said on Wednesday. The ministry said it has exempt vehicles with FOB (free on board) value of $40,000 or more and engine capacity of more than 3,000 cc for petrol and more than 2,500 cc for diesel from a rule that allows imports only from the country of origin. The import of new vehicles, however, shall be permitted only through ...

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