India’s Customs management of rules of preferential origin

Bertrand Rager
Bertrand Rager
Lawyer, CUSTAX & LEGAL Société d'avocats, France
Published 26 Aug 2020
India’s Customs management of rules of preferential origin
Photo by Sujith Devanagari on Unsplash
Topic spotlight
Origin
The Indian Central Board of Indirect taxes & Customs (CBIC) has introduced new regulations under section 156 read with section 28DA of Customs Act, 1962 related to Rules of Origin under Trade agreements. These rules may be called “CAROTAR 2020” (Customs Administration of Rules of Origin under Trade Agreements). The CAROTAR 2020 shall come into force on 21 September 2020, thereby deemed to provide sufficient time for transition and to ensure that the prescribed/ required conditions be complied with.

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