https://www.taxtmi.com/highlights?id=87656 The CBIC issued an amendment to Circular No. 38/2020, modifying terminology in the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020). The amendment replaces "Certificate of Origin" with "Proof of Origin", aligning with amended Section 28DA of the Customs Act, 1962. This change encompasses both officially issued certificates and self-declarations by exporters under trade agreements. The modification aims to simplify origin verification procedures, facilitate trade, and reduce administrative requirements. The Directorate of International Customs (DIC) will manage verification requests and maintain specimen signatures and seals of authorized issuing authorities. The amendment takes immediate effect, streamlining origin documentation processes for international trade. en-us Tue, 22 Apr 2025 19:05:35 +0530 Tue, 22 Apr 2025 19:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87656 The CBIC issued an amendment to Circular No. 38/2020, modifying terminology in the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020). The amendment replaces "Certificate of Origin" with "Proof of Origin", aligning with amended Section 28DA of the Customs Act, 1962. This change encompasses both officially issued certificates and self-declarations by exporters under trade agreements. The modification aims to simplify origin verification procedures, facilitate trade, and reduce administrative requirements. The Directorate of International Customs (DIC) will manage verification requests and maintain specimen signatures and seals of authorized issuing authorities. The amendment takes immediate effect, streamlining origin documentation processes for international trade. Highlights Customs Tue, 22 Apr 2025 19:05:35 +0530 https://www.taxtmi.com/highlights?id=87656