TMI BlogInsertion of new Chapter VAA.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 agreement, are satisfied; ( iii ) furnish such information in such manner as may be provided by rules; ( iv ) exercise reasonable care as to the accuracy and truthfulness of the information furnished. ( 2 ) The fact that the importer has submitted a certificate of origin issued by an Issuing Authority shall not absolve the importer of the responsibility to exercise reasonable care. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Principal Commissioner of Customs or the Commissioner of Customs may, instead of security, require the importer to deposit the differential duty amount in the ledger maintained under section 51A. ( 6 ) Upon temporary suspension of preferential tariff treatment, the proper officer shall inform the Issuing Authority of reasons 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 pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of origin is not authenticated by the Issuing Authority; ( iv ) the certificate of origin is produced after the period of its expiry, and in all such cases,the certificate of origin shall be marked as INAPPLICABLE . ( 11 ) Where the verification under this section establishes non-compliance of the imported goods with the country of origin criteria, the proper officer may reject the preferential tariff treatment to the imports of identical goods from the same producer or exporter, unless sufficient information is furnished to show that identical goods meet the country of origin criteria. Explanation . For the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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