Input-Output norms require verification that imported electronic components are actually used in the declared export product under FTP compliance. FTP input-output norms for electronic products (Process Converter & Transmitters, Conditioners etc.) identify inputs such as sensors, transducers, electrodes and antennas and permit a wastage allowance of net plus two percent. Applicants must determine and apply the proportion of various inputs used in manufacture and ensure imported goods are those actually used or required in the declared export product for FTP and customs verification.
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.
Input-Output norms require verification that imported electronic components are actually used in the declared export product under FTP compliance.
FTP input-output norms for electronic products (Process Converter & Transmitters, Conditioners etc.) identify inputs such as sensors, transducers, electrodes and antennas and permit a wastage allowance of net plus two percent. Applicants must determine and apply the proportion of various inputs used in manufacture and ensure imported goods are those actually used or required in the declared export product for FTP and customs verification.
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 
