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Dear Sir/ Madam,

This is in continuation of our  earlier circulars seeking inputs on RoO/ PSR’s  regarding “Regional Comprehensive Economic Partnership (RCEP). 

The Council has received communication from Department of Commerce (DOC) dated  1st July 2015,  that  the third round of consultations  with the Trade & Industry for negotiating Rules of Orign (RoO) under RCEP shall be held   on  17th July 2015 under the chairmanship of  Shri Dammu Ravi- Joint Secretary  at 11.00 AM at Udyog Bhawan New Delhi.

We would like to update you that subsequent to the two earlier rounds of consultations held by DOC with trade/ industry in January and April, 2015, detailed HS code-wise PSRs for Chapters 1-97 have already been tabled by India for further negotiations in RCEP.

Further, the sixth round of negotiations on RoO was held in June, 2015 in Kyoto, Japan. As decided during this round, detailed discussions would be held in the upcoming rounds on :

a) How to calculate the Regional Value Content (RVC)- use of build-up or build down formula, and

b) Evidence of origin (use of self-certification and/ or third party certification of the Certificate of Origin).

For this purpose, DOC proposes to hold a third round of consultation with the trade/ industry. In this context, kindly find enclosed a brief paper on valuations methods —that provides details about the 2 types of formulae used for valuation i.e. the build-up formula and the build-down formula is enclosed.

Member-exporters  are requested to give their inputs/comments as to which formula should be preferred for India during the RCEP negotiations, along with detailed reasons for the same.       The inputs/ comment  be sent to us  latest by 10th July 2015 on  our e-mail ids- deepak.gupta@chemexcil.gov.in and balani.lic@chemexcil.gov.in  so that the same could be deliberated during the meeting on 17th July 2015.

Encl:-  Paper on BU

Thanking You,

Yours faithfully,

(S.G.BHARADI)
ACTG.EXECUTIVE DIRECTOR