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FDI in Duty Free Shops in India

Sectoral Caps - FDI in Duty Free Shops in India

Sector/Activity
% of Equity/ FDI Cap
Entry Route
Duty Free Shops
100%
Automatic

(i) Duty Free Shops would mean shops set up in custom bonded area at International Airports/International Seaports and Land Custom Stations where there is transit of international passengers.

(ii) Foreign investment in Duty Free Shops is subject to compliance of conditions stipulated under the Customs Act, 1962 and other laws, rules and regulations.


(iii) Duty Free Shop entity shall not engage into any retail trading activity in the Domestic Tariff Area of the country.


Reference: Clause 5.2.15.5 of the Consolidated FDI Policy Circular of 2016 (D/o IPP F. No. 5(1)/2016-FC-1 Dated the June 07, 2016) issued by Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India.
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