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Electronics Imports From Asean Dip As India Tightens Rules – BS

The drop has been seen most in electronic hardware from free-trade agreement partners, the report said, and complaints of routing Chinese goods via Asean states


Ships at China port
South Korean and Chinese shipbuilders rank among the industry’s top players, but the industry is under pressure from the coronavirus and Russia’s invasion of Ukraine. Photo: Reuters.

 

India has reported a dip in the import of certain electronic hardware items from its free-trade agreement partners, especially ASEAN states (the Association of Southeast Asian Nations), after it demanded documents beyond the usual certificate of origin to claim preferential tariff benefits, Business Standard reported.

The drop has been seen most in electronic hardware, the report said, citing the Central Board of Indirect Taxes and Customs chairman Vivek Johri. This followed complaints by domestic industry about the routing of Chinese goods via ASEAN, violating the rules of origin requirements that mandate substantial value addition from the exporting trade partner.

 

Read the full report: Business Standard.

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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