Which of the following describes what elements may be considered for an article produced in a beneficiary country to qualify for preferential tariff treatment under the Generalized System of Preferences?
A) Only the cost or value of the materials produced in the beneficiary country
B) Only the direct costs of processing operations performed in the beneficiary country
C) The cost or value of the materials produced in the beneficiary country plus the direct costs of processing operations performed in the beneficiary country that are greater than or equal to 35% of the appraised value of the article
D) The cost or value of the materials produced in the beneficiary country plus the direct costs of processing operations performed in the beneficiary country that are less than 35% of the appraised value of the article
E) Only the cost or value of the materials produced in the United States
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: C
Citation: HTS General Note 4 (c)
[/bg_collapse]