#New ‘Rules of Origin' to Check Misuse of FTA Provisions - By SN Panigrahi,
Essepee Business Solutions,
‘Rules of Origin',
Preferential Rate of Customs Duties,
Free Trade Agreements,
'Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020',
Purpose of ‘Rules of Origin',
India Free Trade Agreements,
Flouting of ‘Rules of Origin’.
South Asian Free Trade Area (SAFTA),
CAROTAR, 2020,
Notification No. 81/2020-Customs (N.T.) dated 21st August 2020,
Filling of Bill of Entry,
Preferential Tariff Claim,
Goods Wholly Obtained (WO),
Change in Tariff Classification (CTC) Method,
Process Rule Method,
General Rule vs Product Specific Rule (PSR),
Certificate of Origin,
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
OBJECTIVE
With the fast growth of Indian trade across borders, the Government regulations have also become stringent in order to prevent illegal import or export of goods. It is crucial for the importers and exporters to abide by these regulations. In this webinar we will be learning about the powers of the Central Government to notify goods , the responsibilities of persons acquiring notified goods or selling specified goods and precautionary steps to be taken in order to be satisfied with the identity of the purchaser.
An Introduction to WTO Rules on Market AccessSimon Lacey
This is one of a series of lectures given on University Pelita Harapan's Masters in International Trade, Competition and Investment Law and Policy (MTIC) Program. This lecture discusses the WTO rules on market access, focusing on tariffs, quantitative restrictions, tariff-rate quotas, and other non-tarriff measures such as technical barriers to trade and sanitary and phytosanitary measures
Foreign Trade Policy, 2023 for MSMEs & StartupsVinit Deo
Union Commerce Minister Shri Piyush Goyal recently released the Foreign Trade Policy 2023 (FTP 23) that aims to bring new territories, products and entrepreneurs in its fold.
FTP 23 changes the focus from giving Incentives to building infrastructure so that even aspirational small exporters in remote areas of the Country can get their goods and services to international markets.
The attached presentation gives an overview of the policy and its impact on MSMEs & Startups.
Your feedback, queries and suggestions are welcome at mdoffice@posiview.in
CA Vinit Deo
CA Prajakta Shetye-Deo
#Posiview #PosiviewVentures #LanguageOfGrowth
#Innovation #Startups #StartupIndia #MSME #ForeignTrade #ForeignInvestment #AtmanirbharBharat #MakeinIndia
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
This presentation depicts the evolution of International Trade Law and major steps taken to formulate the specialized forum dealing solely on international trade negotiations, it further enumerates the significance of World Trade Organizatio
OBJECTIVE
With the fast growth of Indian trade across borders, the Government regulations have also become stringent in order to prevent illegal import or export of goods. It is crucial for the importers and exporters to abide by these regulations. In this webinar we will be learning about the powers of the Central Government to notify goods , the responsibilities of persons acquiring notified goods or selling specified goods and precautionary steps to be taken in order to be satisfied with the identity of the purchaser.
An Introduction to WTO Rules on Market AccessSimon Lacey
This is one of a series of lectures given on University Pelita Harapan's Masters in International Trade, Competition and Investment Law and Policy (MTIC) Program. This lecture discusses the WTO rules on market access, focusing on tariffs, quantitative restrictions, tariff-rate quotas, and other non-tarriff measures such as technical barriers to trade and sanitary and phytosanitary measures
Foreign Trade Policy, 2023 for MSMEs & StartupsVinit Deo
Union Commerce Minister Shri Piyush Goyal recently released the Foreign Trade Policy 2023 (FTP 23) that aims to bring new territories, products and entrepreneurs in its fold.
FTP 23 changes the focus from giving Incentives to building infrastructure so that even aspirational small exporters in remote areas of the Country can get their goods and services to international markets.
The attached presentation gives an overview of the policy and its impact on MSMEs & Startups.
Your feedback, queries and suggestions are welcome at mdoffice@posiview.in
CA Vinit Deo
CA Prajakta Shetye-Deo
#Posiview #PosiviewVentures #LanguageOfGrowth
#Innovation #Startups #StartupIndia #MSME #ForeignTrade #ForeignInvestment #AtmanirbharBharat #MakeinIndia
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
This presentation depicts the evolution of International Trade Law and major steps taken to formulate the specialized forum dealing solely on international trade negotiations, it further enumerates the significance of World Trade Organizatio
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Export Promotion,
Import Substitution & Packaging Requirements,
Webinar Organized by
MSME, DI &
IIP Hyderabad
On 22nd Oct’2020
SN Panigrahi,
Essenpee Business Solutions
The pandemic led to the extension of the five-year Foreign Trade Policy (FTP) 2015-2020 by two years. From April1, 2022, India’s new FTP is expected to be introduced. In all likelihood, the focus will be on strengthening exports and reducing compliances. Read more in this PDF.
Indian rules of origin what it means for export from bdM S Siddiqui
This new rule is frightening for an Indian importer because of the fate of consignments from SAPTA countries due to uncertainty of tax. This uncertainty will remain even up to five years after the import. The import volume from Bangladesh and other SAPTA countries may drastically fall due to such stringent rules and discretionary authority of the customs official.
The latter part of 2013 witnessed some of the major events crucial for the Multilateral process of cooperation and trade and investment among countries.
The major highlight for 2013 was the WTO Bali Ministerial held in Bali, Indonesia which ended with signing of a successful inclusive agreement.
Another major highlight was the 11th ASEAN-India Summit held in Brunei. The Indian side was represented by Dr.Manmohan Singh, Prime Minister of India. The major highlight for the Summit was a pact on services and investment; some key projects were also finalized during the Summit.
Promoting an awareness of the opportunities and challenges of enhancing cooperation between the Mekong Countries (Myanmar, Laos, Thailand, Cambodia and Vietnam) and India, ADB-CII jointly organized a Conference on Promoting Mekong-India Economic Cooperation. The deliberations at the Conference were on Physical connectivity, Trade Facilitation and Trade Finance, Energy Security and Power Trade, and Financing Regional Infrastructure.
This first issue of the Multilateral Newsletter in 2014 covers the major highlights and updates of the key events and initiatives that happened in November-December 2013, which may be of reference and use.
Education is Fundamental to the Nation Building Process.
Right to Education is now a Fundamental Right of every child in India.
GST Law Recognizes this and provides Certain Exemption to Educational Institutions, providing Education
In this Presentation let's Discuss the Applicability of GST on Education Sector
Eliminating 8 Wastes For Improving Supplychain EfficacyMMR July 2022 SN Panigrahi, PMP
A supply chain is a Chain of Supplies -
is the network of all the individuals,
organizations, resources, activities and
technology involved in the creation and supply of a
product, from the delivery of source materials from
the Supplier to Manufacturer to Distributer to
Wholesaler to Retailer and Eventually Delivery to the
End User or Consumer. Lean is the concept of efficient
manufacturing/operations that grew out of
the Toyota Production System in the middle of the
20th century. Since then, “lean” which was started as
an important concept, in the world of manufacturing
first, has thrived in to other fields such as Supply Chain
Management (SCM). Lean management is an approach
to managing an organization that supports the concept
of continuous improvement, a long-term approach to
work that systematically seeks to achieve small,
incremental changes in the processes in order to
improve efficiency and quality by eliminating or
minimising the process waste and maximising the value
of the product or service to the customer.
In this article we shall discuss 8 types of wastes in the
entire value stream of supply chain and analyse Cause
- Effect & Solution for improving Supply Chain Efficacy.
SUPPLY CHAIN DISRUPTIONS & RESILIENCE - By SN PanigrahiSN Panigrahi, PMP
SUPPLY CHAIN DISRUPTIONS & RESILIENCE
Article Published in Materials Management Review of IIMM
SN Panigrahi
#IIMM,
#materialsmanagement,
#supplychainmanagement,
#supplychaindisruptions,
#supplychainresilience,
Challenges of Apparel Exports from India - Presentation @ Indian Institute...SN Panigrahi, PMP
I had an Opportunity to Provide Training to the Officials of Directorate of MSME, Govt. of West Bengal on "Training of Master Trainers for Export Consultancy in the Gems and Jewellery & Apparel Sector of West Bengal“
Through Indian Institute of Foreign Trade (IIFT), Kolkata on Hybrid Mode on 1st Dec'2021.
This is Part of West Bengal Government's Strategy to Promote Exports from the State. West Bengal Government Targeted to Double the Apparel Exports from the State in next 3-5 Years.
SN Panigrahi
What is Lean? Understanding Lean Principles by SN PanigrahiSN Panigrahi, PMP
What is Lean? Understanding Lean Principles by SN Panigrahi
Lean is a way of thinking about creating needed value with fewer resources and less waste. Lean is a practice consisting of continuous experimentation to achieve perfect value with zero waste.
RoDTEP Scheme - Manner to Issue & Utilization of Duty Credit for Goods Expor...SN Panigrahi, PMP
RoDTEP Scheme - Manner to Issue & Utilization of Duty Credit for Goods Exported - By SN Panigrahi
Remission of Duties or Taxes on Export Products (RoDTEP) was introduced for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market by Refund un-refunded Taxes or Duties / Levies, not Exempted or Rebated at Present by any other Mechanism.
Government Issued an Advisory on 1st Jan’2021, to implement the Scheme effective from 1st Jan’2021, and allowed the exporters to claim in the Shipping Bill, even though Rates were not announced. Subsequently the Rates range from 0.5% to 4.3% for various Sectors at 8 Digit Level as per Appendix – 4R of Hand Book of Procedures were announced by DGFT vide: Notification 19 / 2015-2020, dated 17th Aug’2021.
Now, CBIC announced the Manner of Issue Duty Credit for Goods Exported under the scheme vide Notification No: 76/2021-Customs (N.T.), 23rd September, 2021.
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Prio...SN Panigrahi, PMP
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Priorities & To Tackle Key Business Risks- By SN Panigrahi
Enterprise Risk Assessment Tool is used by organizations to Manage Risks Pro-actively and Seize Opportunities related to the achievement of their Objectives. Risk Assessment outcomes help Organizations to Establish Strategic Priorities and Activities to Tackle Key Risks. Increasing Awareness and Imbibing Risk Culture with Involvement of Top Management & Cross Functional Teams shall enhance the Organizations ability to Understand, Identify, and Develop Action Plans in Advance to Pro-Actively Manage Risks.
Hybrid Project Life Cycle - By SN Panigrahi,
Understanding Project Phase & Project Life Cycle,
Types of Project Life Cycle,
Predictive Life Cycle,
Iterative Life Cycle,
Incremental Life Cycle,
Adaptive Life Cycle,
Agile Life Cycle,
Hybrid Life Cycle,
Characteristics of Hybrid Life Cycles,
1.Agile Development Followed by a Predictive Model,
2. Combined Agile and Predictive Approaches,
3. Predominantly Predictive Approach with Some Agile Components,
4. Largely Agile Approach with a Predictive Component,
#HybridLifeCycle,
#PredictiveLifeCycle,
#AgileLifeCycle
#pmpexam,
#pmpcertification,
#pmptraining,
#pmpexamprep,
#pmpcertificationexam,
#pmp2021,
#pmpcommunity
#ProjectFundamentals
#SNPanigrahi,
#EssAnnPee Business Solutions
Choosing Right CHA & Freight Forwarders - By SN PanigrahiSN Panigrahi, PMP
Choosing Right CHA & Freight Forwarders - By SN Panigrahi,
Basic Understanding of Exports,
Incoterms – 2020 : Key Considerations to Avoid Risk,
Role of Logistic Intermediaries : CHAs / Forwarders /1PL, 2PL, 3PL, 4PL,
Selection of CHAs / Freight Forwarders / Shipping Lines,
#SN Panigrahi,
#EssAnnPee Business Solutions,
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
2. 2
SN Panigrahi is a Versatile Practitioner, Strategist, Energetic Coach, Learning Enabler & Public Speaker.
He is an International-Corporate Trainer, Mentor & Author
He has diverse experience and expertise in Project Management, Contract
Management, Supply Chain Management, Procurement, Strategic
Sourcing, Global Sourcing, Logistics, Exports & Imports, Indirect Taxes –
GST etc.
He had done more than 150 Workshops on above
Published more than 500 Articles; More than 90 Youtube Presentations &
90 SlideShares
He is an Engineer + MBA +PGD ISO 9000 / TQM with around 29 Yrs of
Experience
He is a certified PMP® from PMI (USA) and become PMI India Champion
Also a Certified Lean Six Sigma Black Belt from Exemplar Global & KPMG
Have been Trained in COD for 31/2 Yrs. on Strategy & Leadership
GST Certified – MSME – Tech. Dev. Centre (Govt of India)
ZED Consultant – Certified by QCI – MSME (Govt of India)
Member Board of Studies, IIMM
Co-Chairman, Indirect Tax Committee, FTAPCCI
Empanelled Faculty in NI MSME
He has shared his domain expertise in various forums as a speaker & presented a number of papers in various national and
international public forums and received a number of awards for his writings and contribution to business thoughts.
SN Panigrahi
9652571117
snpanigrahi1963@gmail.com
Hyderabad
4. 4
“It has been observed that imports under Free Trade
Agreements (FTA) are on the rise. Undue claims of FTA
benefits have posed a threat to domestic industry. It is
sometimes flouted by importers to wrongly claim that a
particular import is originating from an FTA partner country so
as to pocket the benefits.
Such imports require stringent checks to curb misuse of FTA
Provisions. Accordingly, steps are being taken to crack down on
frauds, re-work Rules of Origin (RoO) provisions. RoO
determine whether enough value addition took place in the FTA
partner country for the import to qualify as originating from
there.
5. 5
The government has come out with norms for the enforcement of
‘Rules of Origin' provisions for allowing Preferential Rate
of Customs Duties on Products Imported under Free Trade
Agreements aiming at striking a delicate balance in its efforts to
check misuse of FTAs by unscrupulous importers and ensuring that
their use by legitimate businesses is not discouraged.
The Department of Revenue has notified the 'Customs
(Administration of Rules of Origin under Trade Agreements) Rules,
2020' which would "come into force on September 21, 2020".
6. 6
RoOs are meant to define the ‘nationality’ of imports and to make PTAs preferential. Countries
enter into Free Trade Agreements with each other in order to provide enhanced, Preferential
Market Access Opportunities to one another. But in order to put these into practice, it is
necessary to have Criteria that tell us when products come from the partner country to whom
such preferential access is given, and are not Re-Exported from another source (Country).
"Rules of Origin” are the criteria needed to determine the national origin of a product.
Countries which offer zero or reduced duty access to imports from certain trade partners often
apply a set of preferential rules of origin to determine the eligibility of products to receive
preferential access.
The new norms have been framed with a view to put in place greater scrutiny of imports and
checking inbound shipments of low-quality products and dumping of goods by a third country
routed through an FTA partner country.
The ‘’Rules of Origin'' provision prescribes for the minimal processing that should happen in
the FTA country so that the final manufactured product may be called originating goods in that
country.
7. 7
India has signed limited Free Trade Agreements with Sri Lanka (1998) and
Thailand (2003) plus a number of preferential trade agreements (tariff
concession schemes) with countries/blocs such as Afghanistan, Nepal,
Chile and Mercosur. India also signed FTAs with ASEAN (2009), Korea
(2009) and Japan (2010) as well. Negotiations are underway with EU, UK &
US.
Under such agreements, two trading partners significantly reduce or
eliminate import / customs duties on the maximum number of goods traded
between them
As per New Rules of Origin, a country that has inked an FTA with India
cannot dump goods from some third country in the Indian market by just
putting a label on it. It has to undertake a prescribed value addition in that
product to export to India. Rules of origin norms help contain dumping of
goods.
8. 8
Rules of origin are used:
➢ to implement measures and instruments of commercial policy
such as anti-dumping duties and safeguard measures;
➢ to determine whether imported products shall receive most-
favoured-nation (MFN) treatment or preferential treatment;
➢ for the purpose of trade statistics;
➢ for the application of labelling and marking requirements; and
➢ for government procurement.
9. 9
There have been many incidents, where certain players have imported products with an origin of
certificate that does not accurately reflect the country where these products have been actually
manufactured.
The TV industry has been one of the key sectors that has been raising concerns about misuse of
FTAs, as there is surge of import of televisions from Vietnam (which is part of the India-ASEAN
FTA).
India’s imports of copper, RBD (refined, bleached and de-odorized) palm-olein, paper and
paperboard are mostly effected due to flouting of ‘Rules of Origin’ and dumping of these
commodities under Free Trade Agreements (FTAs) from non-producing countries. Import of
paper and paperboards from non-producing countries is a matter of great concerns for Indian
manufacturers.
10. 10
Import of RBD (refined, bleached and
deodorised) Palm-olein from Nepal is feared to have
originated from Malaysia.
While direct import of Palm-olein attracts customs
duty of 44.5 per cent, import through Nepal could be
possible at ‘Nil’ duty under the South Asian Free
Trade Area (SAFTA).
11. 11
The government had levied MIP after pepper traders and
exporters complained that Vietnamese pepper was coming to
India via Sri Lanka with certificate of origin issued by the latter.
Currently, India levies zero duty import on 2,500 tonnes of pepper
from Sri Lanka annually under the Indo-Sri Lanka Free Trade
Agreement.
Any export above the limit is subjected to 8 per cent duty under
South Asia Free Trade Agreement, as against the usual customs
duty of 70 per cent on pepper import into India.
12. 12
Each Trade Agreement, has its own set of Rules of Origin. Say under the FTA, 35 per cent value
addition by the exporting country on free-on-board (FOB) value of goods is a required, then exporters
adding shipping and other miscellaneous costs including handling, loading and unloading to achieve
the mandatory norms of 35 per cent value addition.
“Value addition of 35 per cent is impossible in the case of copper. Huge quantities of refined copper
bars that were being imported from Sri Lanka and Vietnam until recently, got curbed automatically after
the Indian government removed copper bar from the FTA commodities list. Similarly, import of copper
from other FTA countries can also be restricted for the benefit of local producers,”
Likewise, there are many instances of misuse of FTA provisions detected and evidences from recent
FTAs suggest un-favourable gains to our trade partners.
27. 27
Certificate of Origin is an instrument which establishes
evidence on origin of goods imported into any country.
These certificates are essential for exporters to prove where their
goods come from and therefore stake their claim to whatever
benefits goods of Indian origin may be eligible for in the country of
exports.
There are two categories of Certificate of Origin – (1) Preferential
and (2) Non-Preferential
Preferential arrangement / scheme under which India is receiving
tariff preferences for its exports
28. 28
Details of Certificate of Origin in the bill of entry, namely:
(i) certificate of origin reference number;
(ii) date of issuance of certificate of origin;
(iii) originating criteria;
(iv) indicate if accumulation/cumulation is applied;
(v) indicate if the certificate of origin is issued by a third
country (back-to-back); and
(vi) indicate if goods have been transported directly from
country of origin.
29. 29
A certificate of origin (CoO) is a document declaring in which country
a commodity or good was manufactured. The certificate of origin contains
information regarding the product, its destination, and the country of export.
Required by many treaty agreements for cross-border trade, the CoO is an
important form because it can help determine whether certain goods are
eligible for import, or whether goods are subject to duties.
Customs officials expect the CoO to be a separate document from the
commercial invoice or packing list.
Certificate of Origin (CoO)
32. Originating
Uses Non-Originating
Material
Value Content
Does it Fall under PSR
Scheme?
Is General Rule
Applicable?
Change in Tariff
Classification (CTC)
Is Imported Goods
Wholly Obtained (WO)?
Check if Build up or
Build Down Method
has been Applied
Check if HS of Non-
Originating
Check for List of
Originating / Non-
Originating
Components
Has De minimis Been
Applied?
Value Content + CTC
SN Panigrahi,
Essenpee Business Solutions, India
Yes No
Determining
Origin of
Nation
34. 34
These Rules are much awaited to establish clear, transparent, and fair administration of Rules of
Origin under various bilateral trade agreements signed by India with world economies. These
rules would make it clear for the businesses in India and abroad to know the exact procedures
that would be adopted by the proper officer while evaluating the preferential rate of duty under
trade agreements and the process for verification of certificate of origin. The rules of origin also to
ensure that only goods originating in partner countries enjoy tariff or other preferences and also
other Tariff related measures like Anti-Dumping Duty and Safeguard Duty are effectively
Implemented.
As per the New Provisions origin related information like country of origin criteria, regional value
content and product specific criteria etc. must be possessed by the importer and measures are
also built in for Counter Verification and Penal Provisions to check the wrong practice of availing
concessional customs duty on goods actually originated from Non-Preferential Country and
routing such exports to India through preferential trade countries.
Though practically it may be very difficult for genuine importers to comply with these
requirements to avail the benefits, in the overall interests of the Nation, it is very Essential
to Protect Domestic Industry to encourage Atmanirbar Abhiyan.