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Products not wholly obtained or produced

Rule 5 - Customs - Rule 5 - 5. .- (1) For the purposes of clause (b) of sub-rule (1) of rule 3, shall be considered as originating in the exporting beneficiary country if they fulfill the following conditions:- (a) the total value of the non-originating materials used in the manufacture of the export product does not exceed seventy per cent. of the FOB value or ex-works value of the product so produced or obtained (that is, the local value added content in the exporting beneficiary country is at .....

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following formulae shall be applied:- (3) The value of the non-originating materials used in the production of a product shall be,- (a) for materials, the country of origin of which is other than the exporting beneficiary country or India, the CIF value; or (b) for materials, the origin of which cannot be determined, the earliest price ascertained to have been paid in the territory of the exporting beneficiary country where the working or processing takes place, in accordance with the Agreement .....

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