New Delhi, Oct. 13 -- India has notified a comprehensive customs verification framework to prevent misuse of preferential tariffs and tighten scrutiny of origin claims ahead of the India-New Zealand Free Trade Agreement (FTA) coming into force on October 20.
The Ministry of Finance, through the Central Board of Indirect Taxes and Customs (CBIC), issued Notification No. 82/2026-Customs (N.T.) on October 12, notifying the Customs Tariff (Determination of Origin of Goods under the Free Trade Agreement between India and New Zealand) Rules, 2026.
The rules, issued under Section 5(1) of the Customs Tariff Act, 1975, will take effect on October 20, coinciding with the implementation of the bilateral trade agreement signed on April 27.
Under the...