Asean-India Free Trade Agreement Preferential Rules Of Origin

Products imported by a Party dispatched immediately under Rule 8 shall be considered as originating goods and may benefit from preferential tariff treatment if they satisfy the conditions of origin of one of the following conditions:- (vi) the good remains under the customs control of the intermediate Party, including its free trade zones and free zones. The product must not be marketed or consumed within the intermediate part; RVC requires that a certain percentage of the value of the case come from an FTA Member State in order for the case to be considered originating. Under ASEAN free trade agreements, this percentage is generally 40% of the Free Card (FOB). FOB is the price actually paid or payable to the exporter for a thing when the matter is loaded on the carrier at the designated port of export, including the cost of the thing and any costs necessary to bring the matter to the carrier. Importers of products from an FTA Member State must also ensure that their suppliers understand the FTA Protocol and that they are accompanied by the relevant documents for their consignments. The preferential CO is issued by the FTA partner exporting country to the exporter or producer and demonstrates to the FTA importing partner country that the imported product complies with the applicable rules of origin. Unless otherwise provided, products which satisfy the origin requirements laid down in Rule 3 and which are used in a Contracting Party as materials for a good eligible for preferential treatment under those provisions shall be considered as products originating in that Party when the working or processing of the product has taken place. Any claim that a product is recognised as a product eligible for preferential tariff treatment shall be supported by a certificate of origin conforming to the model set out in the Appendix to the Exploitation Certification Procedures, issued by a governmental authority designated by the exporting Party and notified to the other Parties in accordance with the exploitation certification procedures referred to in Annex III to Annex III. (a) where the products have already been lodged with the customs authority of the imported Party, the AIFTA certificate of origin, at the written request of the importer, shall be drawn up by those authorities for all or part of the products and the original shall be returned to the importer.

3.ORIGIN CRITERIA: For products fulfilling the origin criteria, the exporter and/or producer in box 8 of this form shall indicate the origin criteria set out in the following table: (b) The original exporting Party, the intermediate Party and the importing Party shall cooperate in the verification process. The copy of the AIFTA certificate of origin issued by the original exporting Party shall be returned to the customs authority of the importing Party if the latter so requests during the verification process. (12) In the event of theft, loss or destruction of an AIFTA certificate of origin, the exporter may request in writing to the issuing authority that the certified copy of the original and the trip be made on the basis of the export documents contained therein, marked `CERTIFIED TRUE COPY` (instead of the original certificate) in box 12. . .

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