India-Singapore CECA Benefits for Indian Exporters
India-Singapore CECA — in force since 1 August 2005 Overview. India-Singapore CECA is in force since 1 August 2005. DGFT describes it as the first comprehensive free trade agreement India signed with any country. It has been reviewed twice: the first review ended in 2007 and a Second Protocol changed its origin rules from 14 September 2018. What it gives an exporter. A lower or zero duty in Singapore on the tariff lines the agreement covers, for goods that meet its rule of origin. The saving on a shipment is the difference between the normal (MFN) duty and the agreement's rate on that tariff line, so it is nothing on a line whose normal duty is already zero. Singapore removed customs duty on all goods of Indian origin from the day the agreement entered into force, so there is no schedule to read on that side. India's concessions to Singaporean goods are in Annex 2A, and its phased cuts ended in 2009. What it asks in return. Goods not wholly obtained originate either if they change tariff classification at the six-digit level and non-originating materials are at most 65% of the FOB value (35% local content), or if they meet the product-specific rule in Annex 3A; the final manufactur…
Back to FTA Marketplace