Insertion of new Chapter VAA.

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....eferential rate of duty, in terms of any trade agreement, shall,-- (i) make a declaration that goods qualify as originating goods for preferential rate of duty under such agreement; (ii) possess sufficient information as regards the manner in which country of origin criteria, including the regional value content and product specific criteria, specified in the rules of origin in the trade agree....

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....in such manner as may be provided by rules; (ii) pending verification, temporarily suspend the preferential tariff treatment to such goods: Provided that on the basis of the information furnished by the importer or the information available with him or on the relinquishment of the claim for preferential rate of duty by the importer, the Principal Commissioner of Customs or the Commissioner of ....

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....ns for suspension of preferential tariff treatment, and seek specific information as may be necessary to determine the origin of goods within such time and in such manner as may be provided by rules. (7) Where, subsequently, the Issuing Authority or exporter or producer, as the case may be, furnishes the specific information within the specified time, the proper officer may, on being satisfied w....

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....ive years from the date of claim of preferential rate of duty by an importer. (10) Notwithstanding anything contained in this section, the preferential tariff treatment may be refused without verification in the following circumstances, namely:- (i) the tariff item is not eligible for preferential tariff treatment; (ii) complete description of goods is not contained in the certificate of ori....