Business News
Home > Business News
Centre issues 'rules of origin' guidelines for imports under trade pacts
TIWN
TIWN

PHOTO : TIWN
New Delhi, Aug 23 (TIWN) The Union government has come up with guidelines for the enforcement of the 'rules of origin' for imports under trade agreements.
The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR) will come into effect on September 21, 2020.
The Department of Revenue circular noted that the ‘Rules of Origin', by virtue of which a good attains origin of a country, have evolved with subsequent reviews of trade agreements and most trade agreements have moved from single general rule to specific rule for most of the tariff lines, with inclusion of vast array of processes which can confer origin.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research