Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Certain FTA certificate verification in TSK under CAROTAR Rules-2020-reg.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... /2024 Subject : Certain FTA certificate verification in TSK under CAROTAR Rules-2020-reg. Attention is drawn towards Rule 4, 5 and 6 of Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (Notification No. 81/2020 - Customs (N.T.) dated, 21st August, 2020) also known as CAROTAR Rules-2020, which mandates requisition of certain information from exporter of originating cou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cing of FTA certificate in case of 3rd Party invoicing : (i) The presented FTA certificate does not provide FOB value in the requisite column. (ii) The 3rd Party invoice does not indicate FOB value as mentioned in the FTA certificate along with other cost and services, (iii) The 3rd Party invoice contains a greater number of items than mentioned in FTA certificate, (iv) The CTH in the Bill of Entr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... inating country on the basis of which FTA certificate was issued and amend the Bill of Entry accordingly. (iii) The CTH in the Bill of Entry filed on the basis of 3rd Party invoice does not match with the CTH indicated in the FTA Certificate : The importer will submit invoice of exporter of originating country on the basis of which FTA certificate was issued and amend Bill of Entry accordingly. 4. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates