TaxTMI 
TaxTMI 
TaxTMI 
List of Free Trade Agreements (FTAs) / Preferential Trade Agreements (PTAs) signed by India
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....sms for problem resolution etc. 3. India- Sri Lanka FTA (ISLFTA) 28.12.1998 01.03.2000 Free Trade Agreement (FTA) between India and Sri Lanka was signed on 20.12.1998 and was operationalised in March, 2000 following notification of required Customs tariff concessions by Government of Sri Lanka and India. Procedure for import of certain listed items under ISLFTA is at Annexure-I 4. Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan Maldives and Afghanistan) 04.01. 2004 01.01.2006 Afghanistan became Eighth Member of SAARC from April, 2007 and the provisions of Trade Liberalization Programme (TLP) are applicable to Afghanistan w.e.f. 07.08.2011). 5. India - Thailand FTA - Early Harvest Scheme (EHS) 9.10.2003 01.09.2004 India and Thailand have signed protocol to implement Early Harvest Scheme under India- Thailand Free Trade Agreement on 01.09.2004.Tariff preferences for imports on items of Early Harvest Scheme would be available only to those products, which satisfy Rules of Origin Criteria, notified by Department of Revenue, Ministry of Finance, vide notification No.101/2004-Customs dated 31.08.2004. 6. India - Si....
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....na, Guinea, Guyana, India, Indonesia, Iran, Iraq, Libya, Malaysia, Mexico, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Republic of Korea, Romania, Singapore, Sri Lanka, Sudan, Thailand, Trinidad and Tobago, Tunisia, Tanzania, Venezuela, Viet Nam, Yugoslavia, Zimbabwe) April, 1988 April,1989 Under agreement establishing GSTP, tariff concessions are exchanged among developing countries, who have signed agreement. Presently, 46 countries are members of GSTP and India has exchanged tariff concessions with 12 countries on a limited number of products. EIC is sole agency authorised to issue CoO under GSTP. The Sao Paulo Round of the GSTP was concluded among 8 countries but only Cuba, India and Malaysia have ratified the Protocol as of October, 2014. 3 India - Afghanistan 06.03.2003 May, 2003 A Preferential Trade Agreement between Transitional Islamic State of Afghanistan and Republic of India was signed on 6.3.2003 and was operationalised with issuance of Customs Notification No 76/2003 dated 13.5.2003. EIC is sole agency to issue CoO under India Afghanistan Preferential Trade Agreement. 4 India - MERCOSUR 25.01.2004 01.06.2009 Through this....
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.... 31″ March, i.e. financial year in India. (e) All applications for grant of import authorisation shall be sent only through e-mail at [email protected] in the prescribed format as given below: SI. No. Name and Registered office address of the applicant IEC No. Item sought to be imported ITC (HS) Code Qty. applied for (MTs) CIF value (Rs.) & Fee Date of submission of the application Name of Regional Authority through which license would be obtained (f) Allocation will be made equally among the eligible applicant subject to quantity applied. The application in ANF 2M and ANF1 along with the requisite fee is required to be filed online as per the procedure laid down in Trade Notice No. 49 dated 15.03.2019. The application should be sent by 28th February of the financial year.] 3[Annexure-II Procedure for import of Crude Soya Oil (HS Code: 15071000) under India Mercosur Trade Agreement. i. The total quantum of import of Crude Soya Oil that can be imported under India- Mercosur Preferential Trade Agreement shall be as under: Sl. No. ITC (HS) Code Description of goods Total aggregate quantity that is available for import under ....
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.... 16041410 Tunas 7000 tons 7. 16041490 Other 7000 tons 8. 16042000 Other prepared or preserved fish 7000 tons 9. 17011490 Specialty Sugar 15000 tons 10. 22030000 Beer made from malt. 2,000,000 litres 11. 22060000 Fruit Wine: Other fermented beverages (for example, cider, perry, mead, sake);mixtures of fermented beverages and mixtures of fermented beverages and non- alcoholic beverages, not elsewhere specified or included. 5000 litres 12. 22084011 In containers holding 2 l or less: ---- Rum 1.50 million litres 13. 22084012 In containers holding 2 l or less: ---- Other 1.50 million litres 14. 22084091 Other Rum 1.50 million litres 15. 22084092 Other other 1.50 million litres 16. 6102; 6103; 6104; 6105; 6106; 6109;6110; 6111; 6112 and 6203; 6304; Articles of Apparel and Clothing Accessories.* 7.5 million pieces** *Details of the HS Codes as in Table 3 of the Customs Notification mentioned above. ** Out of total quota of 7.5 million pieces, at least 5 million pieces of aggregate of all such items should have been manufactured from yarn/fabric sourced from India. ii.....
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....(LLDPE), in which ethylene monomer unit contri-butes 95% or more by weight of the total polymer content 7.5 TR of 50% in 5 years with specified year-wise TRQs 7.0 (TRQ - 45,000 MT) 6.5 (TRQ - 50,500 MT) 6.0 (TRQ - 56,000 MT) 5.0 (TRQ - 61,500 MT) 3.75 (TRQ - 67,500 MT) 3.75 (TRQ - 86,300 MT) 3.75 (TRQ - 105,00 0 MT) 3.75 (TRQ - 105,00 0 MT) 3.75 (TRQ - 105,00 0 MT) 3.75 (TRQ - 105,00 0 MT) 39011020 Low density poly-ethylene (LDPE) 7.5 39011090 Other Poly-ethylene having a specific gravity of less than 0.94 7.5 39012000 Poly-ethylene having a specific gravity of 0.94 or more 7.5 TR of 50% in 5 years with specified year-wise TRQs 7.0 (TRQ - 150,00 0 MT) 6.5 (TRQ - 168,00 0 MT) 6.0 (TRQ - 186,00 0 MT) 5.0 (TRQ - 204,00 0 MT) 3.75 (TRQ - 222,00 0 MT) 3.75 (TRQ - 252,00 0 MT) 3.75 (TRQ - 285,00 0 MT) 3.75 (TRQ - 285,00 0 MT) 3.75 (TRQ - 285,00 0 MT) 3.75 (TRQ - 285,00 0 MT) 39014010 Linear low-density poly-ethylene (LLDPE), in which ethylene monomer unit con-tributes less than 95 ....
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....ers 10 9 8 7 6 5 5 5 5 5 5 39046910 Poly (vinyl fluoride), in one of the forms mentioned in Note 6(b) to this Chapter 7.5 7 6.5 6 5 3.75 3.75 3.75 3.75 3.75 3.75 39049010 Chlorinated poly vinyl chloride (CPVC) resin 10 9 8 7 6 5 5 5 5 5 5 39049090 Other Polymers of vinyl chloride or of other halogenated olefins, in primary forms 7.5 7 6.5 6 5 3.75 3.75 3.75 3.75 3.75 3.75 71081100 Non-monetary gold powder 10 TR (Tariff con-cession / relief of 1% in absolute per-centage terms, TRQ of 200 tons phased in 5 years) 1% ab-solute duty re-duction over the applied rate (TRQ of 120 tonnes) 1% ab-solute duty re-duction over the applied rate (TRQ of 140 tonnes) 1% ab-solute duty re-duction over the applied rate (TRQ of 160 tonnes) 1% ab-solute duty re-duction over the applied rate (TRQ of 180 tonnes) 1% ab-solute duty re-duction over the applied rate (TRQ of 200 tonnes) 1% ab-solute duty re-duction over the applied rate (TRQ of 200 tonnes) 1% ab-solute duty re-duction over the applied rate (T RQ of 200 tonnes) 1% ab-solute duty re-duction over the applied rate (T RQ of 200 tonnes) 1% ab-solute duty r....
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....f copper, cross sectional dimension < 6mm 5 74081990 Other wire of refined copper, cross sectional dimension < 6mm 5 10[Conditions for Imports of Items under the TRQ under India- UAE CEPA as under Annexure-IV to Appendix-2A is amended to read as follows - These imports of Items will be permitted subject to the following arrangements/ procedure: - a. Import would be subject to Ministry of Finance (Department of Revenue) Notification No. 22/2022-Customs dated 30th April 2022 (as amended from time to time) relating to India-UAE CEPA. b. At the time of clearance of the import consignment, the importer in India must produce a Certificate of Origin issued by concerned authorities in UAE. c. The year in respect of these imports will be the period from 1st April to 31st March, i.e., financial year in India. d. All applications for grant of TRQ authorizations shall be submitted online through the DGFT website (https://dgft.gov.in) → Import Management System →Tariff Rate Quota (TRQ) e.....
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....gate quantity that is available for import during 2015-16" 2. Substituted vide Public Notice No. 33/2015-2020 dated 13-09-2019 before it was read as "Annexure -I Procedure for import of Vanaspati, Bakery shortening and margarine, [ITC(HS) Code 1516, 1517, 1518], Peper [ITC (HS) Code 0941] and Desiccated Coconut [ITC (HS) Code 08011100] under Indo-Sri Lanka Free Trade Agreement. i) The total quantum of import of Vanaspati, bakery shortening and margarine, Pepper and Desiccated Coconut that can be imported under Indo-Sri Lanka Free Trade Agreement shall be as follows- Sl. No. ITC (HS) Code Description of goods 1[Total aggregate quantity that is available for import during each financial year] 1. 1516, 1517 or 1518 (other than 15161000, 15171010, 15179030 & 15180040 which are prohibited for import) Vanaspati, bakery shortening and margarine 2,50,000 MT 2. 0904 Pepper 2500 MT 3. 08011100 Desiccated Coconut 500 MT ii) These imports will be permitted subject to the following arrangements/procedure:- (a) The import would be subject to Government of India, Ministry of Finance (Department of Revenue) Notification No.2/2007-Customs dated 5th January 2007 (as amended fro....
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.... whom TRQ is being issued. The said TRQ importer shall follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017." 8. Substituted vide Public Notice No. 32/2015-2020 dated 20-10-2022 before it was read as, "7[In addition to the requirements as above, the TRQ authorization for items under Tariff head 7108, shall also contain Importer Exporter Code (IEC) of the nominated agencies as notified by RBI (in case of banks) or DGFT (for other agencies) or qualified jewellers as notified by International Financial Services Centres Authority (IFSCA), GST Identification Number(GSTIN) of the jewellery manufacturer to whom TRQ is being issued. The said TRQ importer shall follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.]" 9. Inserted vide Public Notice No. 32/2015-2020 dated 20-10-2022 10. Substituted vide PUBLIC NOTICE NO. 47/2015-2020 dated 29-12-2022 before it was read as, "These imports will be permitted subject to the following arrangements/ procedure: - a. Import would be subject to Ministry of Finance (Department of Revenue) Notification No. 22/2022-Custo....
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....ch is at least equal to the TRQ quantity bid by the respective jewellery manufacturer (capped to the maximum TRQ allocation permissible per annum) under HS code 7113. v. Such Jewellery manufacturer should have a GST number and should have filed GST returns up to the applicable preceding GST return filing period. vi. Financial statements containing annual turnovers of the eligible applicant should be duly certified/audited by a Chartered Accountant, on the basis of the jewellers GST declarations. vii. Import of Gold Dore under TRQ shall not be considered. h. Reference Notification No. 22/2022-Customs dated 30th April 2022, for Gold TRQ imports under 7108, may be affected by the TRQ holder through Nominated Agencies as notified by RBI (in case of banks), nominated agencies notified by DGFT or Qualified Jewellers as notified by International Financial Services Centres Authority (IFSCA). i. For TRQ imports under 39041010, 39041020, 39041090, 39042100, 39043010, 39043090, 39046910, 39049010 and 39049090, the applicant must be an importer of the specified item during the last 2 years and must be a processor/manufacturer consuming the given inputs. The applicant must furnish sel....