CBDT issues clarification regarding alignment of Customs Act, 1962 with the CAROTAR, 2020 (Customs Administration of Rules of Origin Under Trade Agreements Rules, 2020)

Jan 20, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Direct Taxes (CBDT) on January 19, 2022 has issued Alignment of certain AEO Circulars with CAROTAR, 2020.

The following was stated namely: -

• It is clarified regarding the insertion of Section relating to procedure regarding claim of preferential rate of duty under Customs Act, 1962, and the issuance of CAROTAR, 2020 (Customs Administration of Rules of Origin Under Trade Agreements Rules, 2020). The provisions prevail over dispensation and the latter stand suitably aligned to the former.

 

[Notification No. 02/2022-Customs]


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