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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Customs Act Rules: Importers Must Prove Origin for Preferential Duty Rates Under Chapter VAA, Risk Suspension for Non-Compliance.</h1> The Customs Act, as amended by the Finance Act, 2020, introduces Chapter VAA, which outlines the administration of rules of origin under trade agreements. Importers claiming preferential duty rates must declare goods as originating under the agreement, possess and furnish sufficient information on origin criteria, and exercise reasonable care. If origin criteria are doubted, customs officers can request additional information or suspend preferential treatment, requiring security or duty deposits. The Issuing Authority must be informed of suspensions and provide necessary information. Preferential treatment may be refused for non-compliance or ineligibility, and verification requests must be made within five years.
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