Ministry sources said the ASEAN (Association of Southeast Asian Nations) FTA allows imports of most items at nil or concessional basic customs duty from the 10-nation bloc. Major imports to India come from five ASEAN countries — Indonesia, Malaysia, Thailand, Singapore and Vietnam.
The benefit of concessional customs duty rate applies only if an ASEAN member country is the country of origin of goods.
This means that goods originating from China and routed through these countries will not be eligible for customs duty concessions under the ASEAN FTA.
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Unknown title along with general guidance. “Also, an importer would now have to enter certain origin related information in the Bill of Entry, as available in the Certificate of Origin,” the Ministry added. <span>Ministry sources said the ASEAN (Association of Southeast Asian Nations) FTA allows imports of most items at nil or concessional basic customs duty from the 10-nation bloc. Major imports to India come from five ASEAN countries — Indonesia, Malaysia, Thailand, Singapore and Vietnam. The benefit of concessional customs duty rate applies only if an ASEAN member country is the country of origin of goods. This means that goods originating from China and routed through these countries will not be eligible for customs duty concessions under the ASEAN FTA. The new rules will support the importer to correctly ascertain the country of origin, properly claim the concessional duty and assist customs authorities in smooth clearance of legitima Summary
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