CBIC Releases Circular for Verification of FOB Value on COO Certificates as per ASEAN-India Trade Agreement [Read Order]

Stakeholders were urged to reassess the matter and provide comments or actions taken. Concerns over delays in goods clearance
CBIC - COO - FOB - Central board - indirect taxes - customs - origin India trade - TAXSCAN

The Central Board of Indirect Taxes and Customs ( CBIC ) issued a circular dated June 8, 2024, focusing on the verification of Free on Board ( FOB ) values stated on Certificates of Origin ( COO ) issued in accordance with the ASEAN-India Trade in Goods Agreement. This circular, referring to Notification No. 189/2009-Cus…

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