Input-output norms for hardware fittings prescribe input ratios and allow tooling imports proportionate to FOB value. Input-output norms under the Foreign Trade Policy identify permissible inputs for manufacture of Non Cast Hardware Fittings from specified steel rod ... Summary
Input-output norms for hardware fittings prescribe input ratios and allow tooling imports proportionate to FOB value.
Input-output norms under the Foreign Trade Policy identify permissible inputs for manufacture of Non Cast Hardware Fittings from specified steel rod grades, set a higher input-to-output weight ratio for the steel rod, and permit imports of cutting and profiling machine tools (cutters, carbide tips, drills, H.S.S. taps) valued relative to FOB. A schedules provision mandates determination of allowable input proportions for resultant products and requires applicants to ensure imported goods are actually used or required in the export product.
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