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This is the original version (as it was originally enacted).
(1)For the purposes of this Act " country of origin ", in relation to goods which were wholly produced in any country, means that country.
(2)For goods not wholly produced in one country, a country shall be regarded for the purposes of this Act as their country of origin—
(a)if some stage in the production of the goods was carried out in that country and the cost of carrying out such stages, if any, in the production of the goods as were carried out after those goods last left that country (but before the importation of the goods into the United Kingdom) was less than 25 per cent, of the cost of production of the goods as so imported; or
(b)if some stage in the production of any components or materials incorporated in the goods was carried out in that country and the cost of carrying out such stages in production as were carried out after those components or materials last left that country to convert those components or materials into the goods as imported into the United Kingdom was less than 25 per cent. of the cost of production of the goods as so imported ;
and any reference in this Act to the country of origin shall be taken, in a case where there are two or more countries which answer to that description, as a reference to any of those countries.
(3)Where a country is to be regarded under subsection (2) above as the country of origin of any goods, and some stage in the production of the goods, or of any components or materials incorporated in the goods, was carried out after they last left the country, then the export price of the goods from that country, or their fair market price in it, shall be determined as (in accordance with section 3 or 4 above) the corresponding price is to be determined in the case of goods wholly produced in a country except that—
(a)the deductions to be made by the Board of Trade in the price by reference to which the export price from that country is to be ascertained shall include a deduction for the cost of carrying out any such stage in the production of the goods and in the production of any components or materials incorporated in the goods; and
(b)the fair market price in that country shall be the fair market price of those goods or, as the case may be, of those components or materials in the state in which they left the country.
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