Q. The term ‘Rules of Origin’ is related to which of the following?

[A] UNCTAD

[B] IPCC

[C] WTO

[D] UNEP

Answer: C
Notes:

India recently amended the rules of origin requirement under the Customs Act. The burden of compliance is imposed on importers, which discourages imports.

Rules of Origin: The Rules of Origin determine whether a product originated in an FTA or a non-FTA country. The products from FTA countries attract preferential tariff rates, while non-FTA attract the Most Favored Nation rate.

Source: EPIC October 2021

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