Import value cap on specified inputs restricts CIF relative to FOB, affecting grinding wheel export input compliance. The FTP provision for Industrial Diamond/CBN Grinding Wheels lists permitted inputs-synthetic industrial diamond powder or Borazone CBN abrasive, resin bonding mixture, and matrix powder-and requires calculation of diamond impregnated segments as a percentage of raw materials on net product weight. The CIF value of these input items taken together is capped in relation to FOB valuation. Applicants must ensure imported goods are those used or required in the export product and comply with prescribed input proportion determinations.
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.
Import value cap on specified inputs restricts CIF relative to FOB, affecting grinding wheel export input compliance.
The FTP provision for Industrial Diamond/CBN Grinding Wheels lists permitted inputs-synthetic industrial diamond powder or Borazone CBN abrasive, resin bonding mixture, and matrix powder-and requires calculation of diamond impregnated segments as a percentage of raw materials on net product weight. The CIF value of these input items taken together is capped in relation to FOB valuation. Applicants must ensure imported goods are those used or required in the export product and comply with prescribed input proportion determinations.
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 
