India has reported a dip in the import of certain electronic hardware items from its free-trade agreement partners, especially ASEAN states (the Association of Southeast Asian Nations), after it demanded documents beyond the usual certificate of origin to claim preferential tariff benefits, Business Standard reported.
The drop has been seen most in electronic hardware, the report said, citing the Central Board of Indirect Taxes and Customs chairman Vivek Johri. This followed complaints by domestic industry about the routing of Chinese goods via ASEAN, violating the rules of origin requirements that mandate substantial value addition from the exporting trade partner.
Read the full report: Business Standard.
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