Understanding ‘Proof of Origin’ for FTA-based imports
🚨 Important update on proof of origin for FTA claim. 🚨
India has changed its Rules of Origin under FTAs! The term ‘Certificate of Origin’ (CoO) is now replaced with ‘Proof of Origin’, meaning importers must provide additional documents like invoices & production records to claim FTA duty benefits.
⚠️ What This Means for Importers:
✅ Higher compliance requirements
✅ Customs can demand extra proof beyond CoO
✅ Risk of preferential duty denial & penalties if proof is insufficient
✅ Possible clearance delays
📌 Stay informed and make sure you’re compliant with the FTA rules for a smoother import process.