Rate of Yield
Information on the Rate of Yield.
The rate of yield is the amount of product produced from the exported goods. It is used to calculate the amount of exported goods present in the re-imported product and so affects the duty relief a person can claim when they import their processed products.
The expected rate of yield or the method by which it is to be calculated must be specified in the application for outward processing. It must be expressed clearly, for example 1 for 1, or 1 dress per 3 metres of fabric. The rate of yield should not be expressed as a percentage.
If the import involves several different types of products or the products imported are made up from several different types of goods, it will help to clear the goods quickly, and possibly more cheaply, if a costed list or ‘bill of materials’ is provided for each product. The bill of materials should show the quantity of each type of exported goods used to produce one unit of each type of processed product. This will make it simpler for the agent and customs to calculate the amount of duty relief available and will also allow customs audit staff to check the outward processing records more quickly and accurately.
In cases where the rate of yield is not known at the time of application or the rate may vary, the application should be noted to say that the person intends to use production records as the basis for establishing it. If the rate of yield on the application/authorisation form changes or is incorrect, the Customs Supervising Office must be informed immediately.