Glossary Discription

Origin of goods identifies the legally recognized country in which a product was manufactured or substantially transformed, serving as a foundation for customs valuation, tariff application, and trade agreement eligibility. Accurate origin determination is essential to ensure regulatory compliance and avoid penalties in international trade operations.

Characteristics:

• Defines country of manufacture
• Determines customs duty rates
• Required for trade documentation
• Supports tariff preference claims
• Ensures regulatory compliance