What is the tolerance threshold under the EU-Faroe Islands?

The general tolerance is 10% of the ex-works value of the finished product.

EU-Faroe Islands - HS 28

EU-Faroe Islands Agreement

17 rulesTolerance: 10%1997

2801-2804Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes

MaxNOM

Manufacture from materials of any heading, except that of the product. However, materials of the same heading as the product may be used, provided that their total value does not exceed 20% of the ex-works price of the product.

20% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

EU-Faroe Islands - HS 28

Headings with specific rules(11)

Related pages

Headings with specific rules(11)