Asean-India Free Trade Agreement Preferential Rules Of Origin

(6) The method of calculating the AIFTA content is included in Schedule I of these rules. 8. For the purposes of implementing the provisions of Rules 5 and 6, the aIFTA certificate of origin issued by the exporting party contains the applicable provisions and the applicable percentage of the AIFTA content in box 8. Unless otherwise stipulated, products that meet the original requirements of Rule 3 and which are used by a party as materials for a product that can benefit from preferential treatment under these provisions apply: , as products originating in this group, when the product has been exploited or processed. (iv) the retrospective review procedure, including the actual procedure and the determination of the origin or non-origin of the object, must be completed and the result must be communicated to the issuing authority within six months. During the retroactive check, point iii) is applied. “identical and interchangeable materials,” materials of the same nature that have similar technical and physical characteristics and which, after their initiation into the finished product, cannot be distinguished from each other for original purposes; RVC requires that a certain percentage of the value of the goods be derived from an FREI trade agreement so that the products can be considered originating. Under ASEAN free trade agreements, this percentage is generally 40% of free-sided (FOB). FOB is the price that must actually be paid or paid to the exporter for a quantity when the goods are loaded onto the institution of the designated export port, including the cost of the goods and all the costs necessary to transport the property to the carrier. b) The original exporting party, the middle party and the importing party cooperate during the audit.

The copy of the AIFTA certificate of origin, issued by the original exporter, is returned to the importing party`s customs authority if requested during the verification process. In these provisions, “FOB” is defined in these provisions, unless the context otherwise requires it, the value on board, as defined in paragraph 1 of Schedule I; 2. When a product is subject to a percentage of value, the value of packaging and packaging materials for retail is taken into account when evaluating the origin when the package is considered a whole product containing products.