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

