Asia Pacific Trade Agreement 2018 Indian Customs Notification

Consequently, the product which is temporarily stored in the customs territory under the control of the customs authority and which has not undergone operations or procedures other than those defined in point (b)(iii) of Rule 6 has not entered commerce or consumption`; The above notifications are available for download via the “9” hyperlink shown below. The total content of Rule 5 shall be calculated on the basis of the value of the originating materials used as a pre-product (VOM1) and the value of the originating materials added by the participating State where the finished product was worked or processed (VOM2). DU1 means the value of products which have acquired originating status in the territory of a former participating State, calculated on the basis of the customs value established in accordance with Articles 1 to 8, Article 15 and the corresponding interpretative provisions of the Customs Valuation Agreement. DE2: the value of the originating materials obtained in the territory of the participating State where the working or processing of the finished product took place and the value used as raw material for the working or processing of the finished product in that participating State, including the direct cost of labour, direct overheads, transport costs and profit for the finished product. According to the above interpretation, the product is considered to be a product originating in the territory of the participating State where the finished product took place, provided that the sum of VOM1 and DE2 is at least sixty per cent. its f.O. value. .b. If, as a result of the application of this Agreement, trade between a Participating State and all of them presents significant and persistent disadvantages, those Participating States, at the request of the Participating State concerned, shall give due consideration to the representation or request of the Participating State concerned, and the Standing Committee shall give the opportunity to consult the Parties in order to take the necessary measures to remedy those disadvantages by adopting Appropriate measures, including additional concessions, to further strengthen multilateral trade. .