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of <h1>SAARC Preferential Trading Arrangement grants customs duty concessions on imports from member countries effective December 1995</h1> The Central Government operationalized the SAARC Preferential Trading Arrangement (SAPTA) effective December 7, 1995, through notification 165/95-Cus. This notification prescribes percentage concessions on applied rates of basic customs duty for specified goods imported from SAARC countries. The applied rate includes tariff rates from the First Schedule and other notifications under section 25(1) of the Customs Act, excluding specific notifications. Different concession rates apply to general SAARC countries versus Least Developed SAARC countries as listed in separate appendices. Importers must provide proof of origin according to customs rules established under notification 73/95-Cus (NT). Notification 166/95-Cus makes consequential amendments to GSTP notification 236/89-Cus, ensuring that standard rate determinations under certain notifications will not be considered. The circular emphasizes smooth implementation of the preferential trading arrangement.
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