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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India-Australia Trade Rules Define Key Terms for Goods Origin Under Customs Tariff Rules 2022</h1> The Customs Tariff Rules, 2022, under the India-Australia Economic Cooperation and Trade Agreement, define key terms for determining the origin of goods. These include definitions for 'Agreement,' 'aquaculture,' 'CIF value,' 'competent authority,' and 'customs administration.' The rules also clarify terms like 'FOB value,' 'fungible goods,' 'indirect materials,' and 'originating goods.' The roles of 'Parties' and 'territory,' specifying the territorial scope for both India and Australia. Furthermore, it establishes guidelines for tariff classification using the Harmonized System and mandates adherence to Generally Accepted Accounting Principles for recording costs and values.