- Every imported or exported product must have a declared country of origin
- Rules of Origin determine applicable tariff rates and ensure customs compliance
- They help access preferential trade benefits under Free Trade Agreements
- They support supply chain transparency and risk mitigation
- Preferential origin applies when goods meet criteria under a Free Trade Agreement
- Goods must meet origin rules, provide proof of origin, and sometimes be directly transported between partner countries
- HMRC can audit preferential origin claims and request supporting evidence
Source: mha.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
