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Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
Dufry – a Swiss-based travel retailer operating around 2,200 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and central tourist areas. Dufry employs almost 29,000 people. The company, headquartered in Basel, Switzerland, operates in over 68 countries worldwide. World Duty Free – the holding company of ...
Duty Free Tariff Preference. Duty Free Tariff Preference (DFTP) is a unilateral non-reciprocal preferential tariff scheme provided by the Government of India for the least developed countries (LDCs). The scheme was officially introduced on 13 August 2008. India was the first developing country to introduce a preferential tariff program for the ...
2022 Delhi liquor scam. The Delhi Liquor Scam is a political scandal concerning the Delhi Government, which paved its way through the introduction of Delhi's Excise Policy from 2021 to 2022. This policy brought in private firms and enterprise companies into the retail liquor sectors. The allegations involve favouring the owners and shareholders ...
Source: AAI [ 3][ 4][ 5] Indira Gandhi International Airport ( IATA: DEL, ICAO: VIDP) is the primary international airport serving New Delhi, the capital of India, and the National Capital Region (NCR). The airport, spread over an area of 5,106 acres (2,066 ha), [ 6] is situated in Palam, Delhi, 15 km (9.3 mi) southwest of the New Delhi Railway ...
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Indo-Pacific. Location in Delhi, India, Asia. The Red Fort or Lal Qila ( Hindustani: [laːl qiːlaː]) is a historic fort in Delhi, India, that historically served as the main residence of the Mughal emperors. Emperor Shah Jahan commissioned construction of the Red Fort on 12 May 1639, when he decided to shift his capital from Agra to Delhi.
The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list of ...