Custom-Notification No. 55/2011 -Customs (N.T.) Dated 1st August, 2011

Tuesday, August 2, 2011 | comments

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification No. 55/2011-Customs (N.T.)

New Delhi, 1stAugust, 2011
10 Sravana, 1933 (SAKA)
G.S.R. … (E)  – In exercise of the powers conferred by sub-section (1) of  section 5 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules, namely:-

1. Short title and  commencement. - (1) These rules may be called the Customs Tariff  (Determination of Origin of Goods under the  Comprehensive Economic Partnership Agreement between the Republic of India and Japan) Rules, 2011.
(2) They shall come into force on the 1st day of August, 2011.

2. Definitions. - In these rules, unless the context otherwise requires,-
  • (a)   “agreement on  customs  valuation”   means  provisions of  Part  I of  the Agreement on  Implementation of  Article VII of  the General Agreement on Tariffs   and Trade, 1994  in  Annex 1A  to  the World Trade Organisation Agreement; 
  • (b) “exporter”   means  a  natural  or  juridical  person  located  in  an  exporting Party who exports a good from the exporting Party;  
  • (c)  “factory   ships   of   the   Party”     or   “vessels   of   the   Party” respectively means factory ships or vessels,-
               (i) which are registered in the Party;
              (ii) which sail under the flag of the Party;
          (iii) which are owned to an extent of at least fifty percent by nationals of the Parties, or by a juridical person with its head office in either Party,  of  which  the  representatives, chairman  of  the  board  of directors,  and  the  majority  of  the  members  of  such  board  are nationals  of  the  Parties,  and  of  which  at  least  fifty   percent  of  the equity  interest  is  owned  by  nationals  or  juridical  persons of  the Parties;(iv)  of which at least fifty percent of the total of the master and officers are nationals of the Parties; and
            (v)  of  which  at  least  twenty-five  percent  of  the  crew  are  nationals  of  the Parties;  
  • (d)   “fungible originating goods of a Party” or “fungible originating materials of a Party” respectively means originating goods or materials of  a  Party  that  are  interchangeable  for  commercial  purposes,  whose properties are essentially identical; 
  • (e)    “Generally Accepted Accounting Principles” means  the recognised consensus or  substantial authoritative support within a Party at  a  particular  time  as  to  which  economic  resources  and  obligations should be recorded as assets and liabilities, which changes in assets and liabilities should be recorded, how the assets and liabilities and changes in them should be measured, what information should be disclosed and how  it  should  be  disclosed,  and  which  financial  statements  should  be prepared;  
  • (f)   “good” means any merchandise, product, article or material;  
  • (g) “Harmonized  System”   or   “HS”  means  the  Harmonized Commodity Description and Coding System defined  in paragraph  (a) of Article 1 of the International Convention on the Harmonized Commodity Description  and Coding  System,  and  adopted   and  implemented  by  the Parties in their respective laws;
  • (h) “importer”  means  a  natural  or  juridical  person  who  imports  a  good into the importing Party;
  •  (i) “imported non-originating material” means any materials whose country of origin is other  than the Parties; 
  •  (j) “indirect materials” means goods used in the production, testing or inspection  of  another good but  not physically incorporated into the good, or goods used in the maintenance of  buildings or the operation of equipment  associated with the production of another good, including,-
                       (i)      fuel and energy;
                      (ii)      tools, dies and moulds;
                      (iii)   spare parts and goods used in the maintenance of equipment and buildings;
                   (iv)     lubricants, greases, compounding materials and other goods used in production or used to operate equipment and buildings;
                      (v)     gloves,      glasses,      footwear,        clothing,       safety      equipment and supplies;
                      (vi)   equipment, devices and supplies used for testing or inspection;
                     (vii)   catalysts and solvents; and
                (viii)  any other  goods that are not incorporated into another good but whose use in the  production  of  the  good  can  reasonably be demonstrated to be a part of that production;  
  • (k)  “materials” means any matter or substance consumed in the production of a good, physically incorporated into a good, or used in the production of another good;  
To read complete Notification (click here)
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