Administration of Rules of Origin (Trade Agreements) Rules, 2020 Rule 2 — Definitions
Administration of Rules of Origin (Trade Agreements) Rules, 2020 · Definitions
(1)In these rules, unless the context otherwise requires, -
(a)"Act" means the Customs Act, 1962 (52of 1962 );
(b)"Preferential rate of duty" means rate at which customs duty is charged in accordance with a trade agreement;
(c)"Preferential tariff treatment" means allowing preferential rate of duty to goods imported into India in accordance with a trade agreement;
(d)"Rules of Origin" means rules notified for a trade agreement in terms of sub-section(1) of section 5 of the Customs Tariff Act, 1975 (51 of 1975 );
(e)"Tariff notification" means notification issued under sub-section (1) of section 25 of the Act specifying preferential rates of customs duty in accordance with a trade agreement;
(f)"Verification "means verifying genuineness of a certificate of origin or correctness of the information contained therein in the manner prescribed by the respective Rules of Origin;
(g)"Verification Authority" means the authority in exporting country or country of origin, designated to respond to verification request under a trade agreement.
(2)The words and expressions used herein and not defined in these rules but defined in the Act shall have the same meanings respectively as assigned to them in the Act.
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Administration of Rules of Origin (Trade Agreements) Rules, 2020 Rule 2 — Definitions