15 C.F.R. § 303.20 Duty refund.
Title 15 - Commerce and Foreign Trade
(a) Territorial jewelry producers are entitled to duty refund certificates only for jewelry that they produce which is provided for in heading 7113, HTSUS, is a product of a territory and otherwise meets the requirements for duty-free entry under General Note 3 (a)(iv), HTSUS, and 19 CFR 7.3. (1) An article of jewelry is considered to be a product of a territory if: (i) The article is wholly the growth or product of the territory; or (ii) The article became a new and different article of commerce as a result of production or manufacture performed in the territories. (2) Eighteen month exemption. Any article of jewelry provided for in HTSUS heading 7113, assembled in the insular possessions by a new entrant jewelry manufacturer shall be treated as a product of the insular possessions if such article is entered into the customs territory of the United States no later than 18 months after such producer commences jewelry manufacturing or jewelry assembly operations in the insular possessions. (b) Calculation of the value of production incentive certificates. (1) The value of each producer's certificate shall equal the producer's average creditable wages per unit shipped free of duty into the United States multiplied by the sum of: (i) The number of units shipped up to 300,000 units times a factor of 90%; plus (ii) Incremental units shipped up to 3,533,334 units times a factor of 85%; plus (iii) Incremental units shipped up to 6,766,667 times a factor of 80%; plus (iv) Incremental shipments up to 10,000,000 units times a factor of 75%. (2) The Departments may make adjustments for these data in the manner set forth in §303.17(c). [64 FR 67150, Dec. 1, 1999, as amended at 70 FR 67650, Nov. 8, 2005]
Title 15: Commerce and Foreign Trade
PART 303—WATCHES, WATCH MOVEMENTS AND JEWELRY PROGRAM
Subpart B—Jewelry
§ 303.20 Duty refund.
