New Delhi, Sept. 26 -- The Central Board of Indirect Taxes and Customs (CBIC) has simplified documentation requirements for importers seeking preferential duty benefits under the India-UK Comprehensive Economic and Trade Agreement (CETA), reducing the paperwork required to establish the origin of goods.

Under the revised framework, importers can claim preferential tariff rates on eligible UK-origin goods based on a valid Origin Declaration issued by the exporter or producer in the UK.

The simplified process could particularly benefit micro, small and medium enterprise (MSME) importers that may have limited resources to manage detailed customs documentation and obtain additional information from overseas suppliers.

Form-I Not Required R...