What is a supplier declaration
A supplier declaration is a document that a supplier provides to confirm the origin of the goods that they are supplying. The declaration typically includes information such as the location where the goods were produced or assembled, the country of origin of the materials used to produce the goods, and any applicable rules of origin.
What is its significance in origin determination?
In the context of origin calculation, a supplier declaration can be an important source of information. The origin of a product is often determined based on the origin of its components and materials, so having a supplier declaration can provide valuable confirmation of the origin of these components and materials. In some cases, a supplier declaration may be required in order for a product to qualify for preferential treatment under a free trade agreement.
Overall, a supplier declaration is a crucial tool for origin calculation and can help a company ensure that it is accurately determining the origin of its products.
What is a bill of material?
A bill of materials (BOM) is a document that lists the components, parts, and materials used to produce a product. It typically includes information such as the quantity and description of each item, as well as the source and origin of the materials used.
What is its significance in origin calculation?
In the context of origin calculation, a BOM can be a valuable source of information. The origin of a product is often determined based on the origin of its components and materials, so having a detailed and accurate BOM can be important for ensuring that the origin of the product is accurately determined. A BOM can also help a company track the origin of materials and components over time, allowing them to adapt to changes in origin rules and regulations.
Overall, a BOM is a crucial tool for origin calculation and can help a company ensure that it is accurately determining the origin of its products.