As you are aware, Central Board of Indirect Taxes and Customs (CBIC) has recently notified Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020). These rules are effective from September 21, 2020.
Further, Section 28DA makes it incumbent upon an importer to 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.
For this purpose, CAROTAR, 2020 has provided a form, containing list of basic minimum information needed by importers.
Though these rules have been framed to curb the practice of availing concessional customs duty by routing non originating exports to India through preferential trade countries, the new Rules have indeed posed various challenges for the taxpayers to comply with particularly in times of ongoing pandemic.
Considering the concerns of the members, the Council is pleased to organize a free webinar for the benefit of the members which will be conducted by Mr. Sudhakar Kasture- Director Exim Institute.
The schedule of Webinar will be as follows:
* Topic: CAROTAR 2020
* Date: 20th Oct, 2020
* Timings:- 11:00 AM to 12.30 (IST)
* Charges:- NIL
(Prior confirmation mandatory)
Mr. Sudhakar Kasture- Director Exim Institute.
Please find attached herewith the zoom link for 20th October 2020 session.
Meeting ID: 830 3181 3749
(To avoid last minute problem you may please join between 10.45 am to 11.00 am).
Considering the issues faced by importers, members are urged to join this important webinar and get insights into the various aspects of CAROTAR 2020 and care which needs to be taken while importing.
Members may send their confirmations at the earliest on our email id's: , email@example.com, firstname.lastname@example.org & email@example.com .
You may also send your specific queries till 18th October 2020, so that the same could be taken during the session by the speaker.
S G Bharadi