The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (“the Rules”), were notified on 21st August 2020 and came into force from 21st September 2020. A 30-day period was given to importers and other stakeholders to familiarize themselves with new provisions. The Rules are primarily intended to prevent undue claims of benefits under Foreign Trade Agreements and consequently protect the domestic industries in India. These rules prescribe the procedural and compliance requirements for importers along with processes and timelines for verification by the Customs authorities, among other aspects.

FICCI organised a Masterclass on CAROTAR and discussed the rules, compliance requirements for importers, processes and timelines and other crucial aspects in detail.

Master Class on Customs Rules, 2020 and Faceless Assessment.