2.21

The Generalised System of Preferences (GSP) is a system under which Indian Goods receive preferential tariff treatment upon import into developed markets, such as member states of European Union, USA, Japan, New Zealand, Australia, Canada, Switzerland, Norway, Russia etc. The GSP schemes of various countries are notified by them from time to time. These are unilateral schemes and as such India need not accord the same preferential treatment to the goods of developed countries, on reciprocal basis. The list of agencies authorised to issue GSP certificates is given in Appendix-35.