CBIC clarifies on Clearance of goods under India’s Trade Agreements without original Certificate of Origin

Apr 13, 2020 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Central Government on April 11, 2020 has directed that in accordance with the DGFT Trade Notice no. 62/2019-2020 April 06, 2020, the import consignments, where a preferential treatment of goods under a Free Trade Agreement has been claimed but the original hard copy of CoO has not been submitted or only digitally signed copy or unsigned copy of CoO is submitted, may be assessed and cleared provisionally in terms of section 18 of the Customs Act, 1962, which talks about provisional assessment of duty. The final assessment may be done subsequently on submission of the original CoO certificate by the importer. The revenue may be secured through undertaking and appropriate security.

[Circular No. 18/2020 – Customs]


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