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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>New Guidelines for Implementing Section 28DA of Customs Act and CAROTAR, 2020 on Trade Origin Rules Announced.</h1> The circular outlines the guidelines for implementing Section 28DA of the Customs Act, 1962, and CAROTAR, 2020, concerning the Rules of Origin in trade agreements. It details procedures for verifying Certificates of Origin (COO) to ensure compliance with trade agreements such as FTA, PTA, CECA, and CEPA. The CAROTAR, 2020, effective from September 21, 2020, requires importers to provide sufficient information on the origin of goods to claim preferential duty rates. Verification requests are to be forwarded to the Board following specific procedures, and importers must exercise reasonable care in providing accurate information. The notice also designates a nodal point for verification processes and emphasizes the importance of maintaining accurate records and communication with partner countries.