Philippines added to India and ASEAN- Preferential Trade Agreement

The Department of Revenue, Ministry of Finance had issued Customs Notification No. 40/2011 Customs (N. T.) dated 24th June, 2011 notifying amendments in the Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of the Association of Southeast Asian Nations (ASEAN) and the Republic of India] Rules, 2009 notified vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 189/2009-Customs (N.T), dated the 31st December, 2009.

The above rules prescribe the rules of origin for the India-ASEAN Preferential Trade Agreement (PTA). Vide the present amendment, Philippines has been added as a country covered under India and ASEAN PTA.

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eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 12 years.

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