Manufacture of rubber and plastics products

Under the Qualifying Free Zone Person regime, manufacturing requires 'substantial transformation' of raw materials (rubber/polymers) into new products. Forensic auditors will verify the change in HS Code classification and the ratio of manufacturing overheads to total costs to ensure the activity is not a conduit for non-qualifying distribution.

Audit Red Flag

Misclassification of 'Simple Assembly' or 'Repackaging' as 'Manufacturing' to circumvent the Excluded Activity status of general trading.

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