Input-output norms deletion alters import verification obligations; applicants must ensure imported goods match export product inputs. Deletion of Standard Input-Output Norms in the Foreign Trade Policy for engineering products removes the prescribed schedule but requires determination of ... Summary
Input-output norms deletion alters import verification obligations; applicants must ensure imported goods match export product inputs.
Deletion of Standard Input-Output Norms in the Foreign Trade Policy for engineering products removes the prescribed schedule but requires determination of input proportions used in manufacture and obliges applicants to ensure that goods sought for import and actually imported are those used or required in the export product, emphasizing verification that imported materials correspond to export manufacturing requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.