Customs Amendment Act (No. 1) 2003 (62 of 2003)

Schedule 1   Least Developed Countries

Customs Act 1901

3   After subsection 153D(2)

Insert:

Goods claimed to be the manufacture of a Least Developed Country - special rule

(2A) If:

(a) goods claimed to be the manufacture of a Least Developed Country contain materials that, in the form they were received by the factory, were manufactured or produced in Developing Countries that are not Least Developed Countries; and

(b) the allowable expenditure of the factory on those materials in aggregate would, but for this subsection, exceed 25% of the total factory cost of the goods;

that allowable expenditure on those materials is taken to be 25% of the total factory cost of the goods.