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of <h1>Rule 27: Importers to Be Released from Guarantees and Receive Refunds Post-Origin Verification Under India-Chile Trade Agreement</h1> Rule 27 of the Customs Rules of Determination of Origin of Goods under the Preferential Trading Agreement between India and Chile, 2007, stipulates that once the origin verification concludes favorably for the importer, they must be released from guarantees within thirty days, and any excess duties paid should be refunded promptly as per domestic laws. The rule was amended in 2017, previously mandating the investigation's conclusion within ninety days after receiving all necessary information. If unresolved within this period, the importer would be released from guarantee payments, with excess duties refunded according to domestic legislation.
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