FTA Benefit applicable on Import of Clear Float Glass from Malaysia: CESTAT allows BCD Exemption

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has granted a benefit under the Free Trade Agreement (FTA) for the import of clear float glass from Malaysia, allowing exemption from Basic Customs Duty (BCD). The ruling highlights the application of FTA provisions to reduce import duties for goods originating from FTA partner countries. This decision is significant for businesses importing goods under FTA agreements, as it provides clarity on duty exemptions and encourages trade with partner nations.