Input-output norms for hydrocarbon exports cap catalyst import valuation and require imported inputs be used in exported products. Standard Input-Output Norms for C3/C4 hydrocarbons set permitted inputs and compliance obligations, stipulating that relevant refinery catalysts and ... Summary
Input-output norms for hydrocarbon exports cap catalyst import valuation and require imported inputs be used in exported products.
Standard Input-Output Norms for C3/C4 hydrocarbons set permitted inputs and compliance obligations, stipulating that relevant refinery catalysts and chemicals have a CIF value cap equal to one percent of the FOB export value, while excluding certain lubricating oils and petrochemical products. An amendment allows deviation from Chapter 27 ITC (HS) specifications for specified SION entries if exports meet the foreign buyer's purchase-order specifications. Schedules require determining input proportions and obligate applicants to ensure imported goods are those used or required in the export product.
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