The new ‘rules of origin’ framework for free trade agreements (FTAs) under the Customs Act will come into effect from Monday. These rules empower tax authorities to deny treaty benefits to imports if they fail to meet the stipulated value addition norms. ET’s Gulveen Aulakh takes a look at the contours of the new rules:
Checking all the boxes Here's why we have new rules
The benefits of having an FTA How's our industry affected? How are you affected?
