Customs Tariff [Determination of Origin of Products under the Duty Free Tariff Preference Scheme for Least Developed Countries] Rules, 2008 (From Rule 1 to Annexure-B)
Local value added content determines origin for duty free preference under the LDC scheme when conditions are met. Products not wholly produced are considered originating if they satisfy three conditions: the local value added content meets the required threshold calculated by subtracting the value of non originating materials from the FOB price and expressing the remainder as a percentage of the FOB price using CIF or earliest ascertainable local price for valuation; the product undergoes a Change in Tariff Heading at the four digit HS level relative to non originating inputs; and the final manufacturing process occurs within the exporting beneficiary country. Originating inputs from third countries are treated as originating for this calculation.
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Provisions expressly mentioned in the judgment/order text.
Local value added content determines origin for duty free preference under the LDC scheme when conditions are met.
Products not wholly produced are considered originating if they satisfy three conditions: the local value added content meets the required threshold calculated by subtracting the value of non originating materials from the FOB price and expressing the remainder as a percentage of the FOB price using CIF or earliest ascertainable local price for valuation; the product undergoes a Change in Tariff Heading at the four digit HS level relative to non originating inputs; and the final manufacturing process occurs within the exporting beneficiary country. Originating inputs from third countries are treated as originating for this calculation.
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