 "Electronics")
The central government has noticed a dip in the import of certain electronic hardware items from India’s free trade agreement (FTA) partners, especially the Association of Southeast Asian Nations, after it mandated documents beyond the usual certificate of origin (COO) to claim preferential tariff benefits.
Following an amendment to India’s Customs Act in the 2020-21 Union Budget, the finance ministry had issued a notification under Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), mandating documents beyond the usual COO to claim tariff benefits under FTAs.
“We were convinced that the FTA route was being misused. There are
