5.DESCRIPTION OF GOODS: the description must be sufficiently detailed so that the goods can be identified by the customs officers examining them. Name of the manufacturer, each brand must also be indicated. (b) for several goods declared under the same AIFTA Certificate of Origin, a problem with one of the listed products shall not prejudice or delay the granting of preferential tariff treatment and the clearance of the other products listed in this AIST Certificate of Origin. Paragraph 16(a)(iii) may apply to problematic points. 8.FOR OFFICIAL USE: the customs authority of the importing Party shall indicate in the corresponding boxes of column 4 (O) whether or not a preferential duty is granted. At the 10th ASEAN-India Summit, which concluded on 20 December 2012 in New Delhi, India and ASEAN concluded negotiations on free trade agreements for services and investment. Both sides expect bilateral trade to grow to $100 billion by 2015 and $200 billion in a decade. [8] The ASEAN-India Free Trade Area (AIFTA) is a free trade area between the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The first framework agreement was signed in Bali, Indonesia, on 8 October 2003. [1] and the final agreement was 13 August 2009 [2] The free trade area entered into force on 1 January 2010. [3] [4] India hosted the last ASEAN-India Commemorative Summit in New Delhi on January 26, 2018. In FY2017/2018, bilateral trade between INDO and ASEAN increased by nearly 14 percent to $81.3 billion.

India`s imports from ASEAN were estimated at $47.13 billion, while its exports to ASEAN amounted to $34.2 billion. [5] Recognizing this trend and recognizing the economic potential of closer ties, the two sides recognized the opportunities to deepen trade and investment relations and agreed to negotiate a framework agreement to pave the way for the establishment of an ASEAN-India Free Trade Area (FTA). [7] (d) In cases where an AIFTA Certificate of Origin is not accepted in accordance with point (c), the authority issuing detailed and comprehensive explanations of the reasons for the refusal of preferential tariff treatment advanced by the importing Party.