Customs & Trade

BACKGROUND In October 2019, based on a complaint filed by the US, the World Trade Organization (WTO) panel report1 ruled that India’s export subsidy schemes flouted its guidelines as the country’s Gross National Income (GNI) had exceeded the per capita USD 1000 annual threshold above which members were banned from…

Alignment of the rates of duty over the last decade or so, has led a large belief that the classification disputes have come a long way of being buried. In the recent times. At International level, The World Customs Organization (WCO) developed the Harmonized Commodity Description and Coding System generally…