Import-use compliance: Imported magnet materials must be the actual inputs used in the declared export product under FTP norms. FTP norms require that Permanent Magnet Strontium Ferrite Grade in demagnetized condition be treated either as a component (in specified dimensions) or as raw material under a net-to-net principle, and applicants must ensure imported goods are those actually used or required in the declared export product.
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Import-use compliance: Imported magnet materials must be the actual inputs used in the declared export product under FTP norms.
FTP norms require that Permanent Magnet Strontium Ferrite Grade in demagnetized condition be treated either as a component (in specified dimensions) or as raw material under a net-to-net principle, and applicants must ensure imported goods are those actually used or required in the declared export product.
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