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Foreign Trade Procedures 2008-2009 - Directorate General of ...

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countries on a limited number <strong>of</strong> products. EIC is soleagency authorised to issue CoO under GSTP.SAARC Preferential (c) SAPTA was signed by seven SAARC members namelyTrading AgreementIndia, Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka(SAPTA) and Maldives in 1993 and came into operation in 1995.Four rounds <strong>of</strong> trade negotiations have been completedand more than 3000 tariff lines are under tariff concessionsamong SAARC countries. List <strong>of</strong> agencies, authorised toissue CoO under SAPTA are notified underAppendix – 4B.Asia- Pacific <strong>Trade</strong> (d) APTA is a preferential trading arrangement designed toAgreementliberalise and expand trade in goods progressively in(APTA)Economic and Social Commission for Asia and Pacific(ESCAP) region through liberalization <strong>of</strong> tariff and nontariffbarriers. At present, Bangladesh, Sri Lanka, SouthKorea, India and China are exchanging tariff concessionsunder APTA. Agencies authorised to issue CoO underAPTA are listed in Appendix – 4B.India-Sri Lanka Free (e) Free <strong>Trade</strong> Agreement (FTA) between India and Sri Lanka<strong>Trade</strong> Agreementwas signed on 20.12.1998 and was operationalised in(ISLFTA)March, 2000 following notification <strong>of</strong> required Customstariff concessions by Government <strong>of</strong> Sri Lanka and India.EIC is sole agency to issue CoO under ISLFTA.India Afghanistan (f) A Preferential <strong>Trade</strong> Agreement between Transitional IslamicPreferential <strong>Trade</strong>State <strong>of</strong> Afghanistan and Republic <strong>of</strong> India was signed onAgreement6.3.2003 and was operationalised with issuance <strong>of</strong> CustomsNotification No 76/2003 dated 13.5.2003. EIC is soleagency to issue CoO under India Afghanistan Preferential<strong>Trade</strong> Agreement.Indo – Thailand Frame (g) India and Thailand have signed protocol to implement Earlywork Agreement for Harvest Scheme under India- Thailand Free <strong>Trade</strong>Free <strong>Trade</strong> AreaAgreement on 01.09.2004.Tariff preferences for importson items <strong>of</strong> Early Harvest Scheme would be available onlyto those products, which satisfy Rules <strong>of</strong> Origin Criteria,notified by Department <strong>of</strong> Revenue, Ministry <strong>of</strong> Finance,vide notification No.101/2004-Customs dated 31.08.2004.EIC would be sole agency to issue CoO under EarlyHarvest Scheme <strong>of</strong> Framework Agreement on India-Thailand Free <strong>Trade</strong> Agreement.Non Preferential 2.21.2 Government has also nominated certain agencies to issue NonPreferential CoO in accordance with Article II <strong>of</strong> InternationalConvention Relating to Simplification <strong>of</strong> Customs formalities,1923. These CoOs evidence origin <strong>of</strong> goods and do not bestow22

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