Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India will impose stringent scrutiny on imports under Free Trade Agreement (FTA) from September 21 to curb dumping from China and Asean nations in India by violation of “rules of origin” norms. 


Under the Customs (Administration of Rules of Origin under Trade Agreements) Rules (CAROTAR, 2020), the authorities would require detailed disclosures by importers at the time of filing bill of entry to claim preferential rate of duty benefits under FTA, as notified by The Central Board of Indirect Taxes and Customs (CBIC) on August 24.


India’s move comes in the wake of abuse of FTAs to escape paying customs duties on imports to safeguard domestic industry from unfair practices.

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