Local value added requirement governs when non-originating inputs permit preferential origin following final domestic manufacture. Rule 6 prescribes that not-wholly produced or obtained goods qualify as originating if they meet either a Local Value Added Content criterion or a Change in Tariff Classification criterion, provided the final manufacturing process occurs within the exporting Party's territory and subject to Rule 8. Annexure-A products meeting one or both criteria are originating. For other products, origin may be established by satisfying the local value added threshold or by a change in tariff heading at the four-digit Harmonised System level. The Rule provides a formula for calculating Local Value Added Content and specifies that non-originating materials are valued at CIF on importation or by the earliest ascertained domestic purchase price for materials of undetermined origin.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Local value added requirement governs when non-originating inputs permit preferential origin following final domestic manufacture.
Rule 6 prescribes that not-wholly produced or obtained goods qualify as originating if they meet either a Local Value Added Content criterion or a Change in Tariff Classification criterion, provided the final manufacturing process occurs within the exporting Party's territory and subject to Rule 8. Annexure-A products meeting one or both criteria are originating. For other products, origin may be established by satisfying the local value added threshold or by a change in tariff heading at the four-digit Harmonised System level. The Rule provides a formula for calculating Local Value Added Content and specifies that non-originating materials are valued at CIF on importation or by the earliest ascertained domestic purchase price for materials of undetermined origin.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
