https://www.taxtmi.com/acts?id=32461 Rules set origin criteria under the Asia Pacific Trade Agreement, defining qualifying vessels and factory ships, prescribing a standard Certificate of Origin, and permitting partial cumulation. Origin under cumulation is determined by aggregate originating content-the sum of VOM1 (value of originating materials from previous Participating States, based on customs valuation) and VOM2 (value added in the processing Participating State, including direct labour, direct overhead, transport and profit)-with products treated as originating where this aggregate meets the required threshold. Direct consignment is satisfied where goods remain under customs control in an intermediate bonded area without import clearance. en-us Tue, 03 Jul 2018 11:00:52 +0530 Tue, 08 Mar 2022 18:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32461 Rules set origin criteria under the Asia Pacific Trade Agreement, defining qualifying vessels and factory ships, prescribing a standard Certificate of Origin, and permitting partial cumulation. Origin under cumulation is determined by aggregate originating content-the sum of VOM1 (value of originating materials from previous Participating States, based on customs valuation) and VOM2 (value added in the processing Participating State, including direct labour, direct overhead, transport and profit)-with products treated as originating where this aggregate meets the required threshold. Direct consignment is satisfied where goods remain under customs control in an intermediate bonded area without import clearance. Act-Rules Customs Tue, 03 Jul 2018 11:00:52 +0530 https://www.taxtmi.com/acts?id=32461