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 ... Summary
Interim Rules of Origin for Agreement between the Republic of India and the Kingdom of Thailand
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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.
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