Seeks to notify the Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between the Republic of India and Japan) Rules, 2011.
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Rules of origin determine eligibility for preferential tariff treatment under the India-Japan CEP Agreement based on QVC or product rules.
Establishes that goods imported between India and Japan qualify as originating and eligible for preferential tariff treatment if they are wholly obtained in a Party or, if not wholly obtained, meet a qualifying value content threshold or applicable product specific rules; sets definitions, QVC calculation methods using accepted accounting principles, valuation rules for materials, accumulation, de minimis allowances, consignment criteria, non qualifying operations, and detailed product specific origin requirements, and prescribes Certificate of Origin issuance, validity, record keeping, verification and administrative cooperation procedures.