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Sunday, 28 July 2019

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Revenue concessions to RCEP may touch Rs 60,000 crore

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Hidden in the Budget documents is a number that has gone virtually unnoticed - India's revenue foregone due to the trade agreement with Asean more than doubled to nearly Rs 26,000 crore in 2018-19 from the previous fiscal, as it allowed duty-free and lower duty import of more goods from the trading bloc.

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