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of <h1>Rule 12: Determining Origin of Mixed Materials under India-Japan Economic Agreement Using GAAP Inventory Methods</h1> Rule 12 of the Customs Tariff Rules, 2011, related to the Comprehensive Economic Partnership Agreement between India and Japan, addresses the determination of origin for fungible goods and materials. It stipulates that when fungible originating and non-originating materials are mixed in inventory, their origin can be determined using an inventory management method aligned with Generally Accepted Accounting Principles (GAAP) of the Party. This applies both when such materials are used in production and when mixed goods are exported without undergoing further production, except for operations like unloading or reloading to maintain their condition.
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