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INPUTS FOR INDIA – EU FTA – RULES OF ORIGIN – PSRs

 

Dear Members,

India is currently negotiating a Free Trade Agreement with the EU. As a part of this agreement, both the countries negotiate on a range of products that would be offered tariff concessions to each other under this agreement.

To ensure that benefits of tariff concession accrue to products that are sufficiently produced in either country, there are certain rules in place that ensure sufficient transformation of the products in the territory of both countries.

For your reference we are mentioned some examples of PSRs under Rules of origin below :

WO: Wholly Obtained

CC: A change from any other chapter

CTH: A change from any other heading

CTSH: A change from any other subheading

Sometimes, twin rules like

CTSH + VA X% are also present. This means that the exporter has to ensure that there is a change at the tariff subheading level as well as a value addition of X%. These are some examples of rules of origin.

We have enclosed an excel sheet received from Department of Chemicals & Petrochemicals which lists out EU proposal of tariff lines (268 HS Codes) falling under the purview of CHEMEXCIL for your review.   

We request you to provide your inputs (PSRs)  for the tariff lines pertaining to Chapter 28 to 38 in Column H & I (Stakeholder’s column ) filled in with Red Colour and send it on amrita@chemexcil.in ; ad.del@chemexcil.in  with a copy to pw@chemexcil.in; dg@chemexcil.in latest by 11th October 2024 (Forenoon).    

 

Thanks, and Regards

Raghuveer Kini

Director General

CHEMEXCIL

Encl : EUs PSR Proposal - Chemexcil products