CBIC notifies the Customs Tariff Rules 2022 for the determination of Origin of Goods of ExIM trade under the India–Australia Economic and Trade Agreement (Ind-Aus ECTA), which will become applicable on December 29, 2022.
The advantages of preferential customs duty that are provided by the India-Australia Economic and Trade Agreement (ECTA) have been made operational by the CBIC with the publication of this Notification.
Table I of the Notification addresses the complete removal or reduction of Basic Customs Duty (BCD), in respect of 8500 different tariff items.
Table II of the notification discusses the complete removal or reduction of the BCD rate as well as the Agriculture Infrastructure and Development Cess (AIDC), in respect of 16 different tariff items.
Table III addresses the reduction in applied rate of duty, which includes BCD and AIDC, read in conjunction with any other notification in force issued u/s 25(1) of the Customs Act, 1962, in respect of 4 items, subject to tariff quota quantities and conditions as specified or notified by DGFT for each calendar year.
Table IV covers complete exemption from BCD and AIDC, also known as in-quota tariff and AIDC rates, respectively, in respect of the tariff quota quantity specified by DGFT for a calendar year, subject to condition covering 1 tariff item.
CBIC Customs (NT) Notification 112/2022 dt. 22/12/2022: Customs Tariff (Determination of Origin of Goods under the India-Australia Economic Cooperation and Trade Agreement) Rules, 2022
G.S.R. ..(E).- In exercise of the powers conferred by sub-section (1) of section 5 of
the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules, namely:-
1. Short title and commencement.-
(1) These rules may be called the Customs Tariff (Determination of Origin of Goods under the India-Australia Economic Cooperation and Trade Agreement) Rules, 2022.
(2) They shall come into force on the 29th day of December, 2022.
(1) In these rules, unless the context otherwise requires,- (Contd.. please refer above attachment)