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Program on Optimizing Imports through Free and Preferential Trade Agreements

Overview

Over the past decade, the Indian economy has progressively integrated with the global economy. The implementation of liberalized policies has resulted in a notable increase in imports, supported by reduced tariffs and a simplified Foreign Trade Policy. These developments have enhanced the competitiveness of local markets concerning imported goods, prompting importers to seek ways to minimize the landed costs of their imports. Importing from countries with which India has Free Trade Agreements (FTAs) or Preferential Trade Agreements (PTAs) can significantly reduce or eliminate import duties, thereby lowering the overall landed cost.

Currently, India has established FTAs with 19 countries and PTAs with 107 countries.

Objective

The primary aim of this program is to familiarize participants with the intricacies of operating under Free and Preferential Trade Agreements, equipping them with the knowledge necessary to leverage these agreements effectively.

Target Audience

This program is designed for importers and professionals involved in international business, including those in logistics, compliance, and trade management.

Agenda

Concepts

    List of Countries under FTA

      List of Countries under PTA

        Structure of Customs Tariff

          Import Documents

            Customs Correlation

              Tariff Classification & Tools

                Computation of Landed Cost of Import

                  Determination & Certification of Country of Origin

                    Finance Bill 2023-24 – FTA / PTA

                    1. CAROTAR 2020 & Imports under FTA / PTA
                      • Discussion on CAROTAR 2020 and its implications for imports under FTAs and PTAs.
                    2. Miscellaneous
                      • Additional topics relevant to importers operating under FTAs and PTAs.

                    Special Feature

                    A significant revision of the Country of Origin Rules governing imports from countries under FTAs and PTAs was implemented on August 21, 2020. This webinar will focus on these crucial changes and their impact on import operations.