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    Imports will now get benefits on the basis of their value addition, here's all you need to know

    Synopsis

    The new ‘rules of origin’ framework for free trade agreements (FTAs) under the Customs Act will come into effect from Monday.

    The new ‘rules of originframework for free trade agreements (FTAs) under the Customs Act will come into effect from Monday. These rules empower tax authorities to deny treaty benefits to imports if they fail to meet the stipulated value addition norms. ET’s Gulveen Aulakh takes a look at the contours of the new rules:

    Checking all the boxes
    1.Key

    Here's why we have new rules
    2.New rules

    The benefits of having an FTA
    3.Imports

    How's our industry affected?
    4. Impact

    How are you affected?
    5. Goods
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