# The Customs (Origin of Chargeable Goods: Developing Countries Trading Scheme) Regulations 2023, Regulation 10: Averages

Extent: E+W+S+N.I.

(1) Where the conditions specified in the tables in Part 2 and Part 3 of Schedule 1 refer to a maximum content of non-originating materials, this may be determined by reference to—
(a) the average ex-works price charged for goods sold during the reference period, and
(b) the average value of the non-originating materials used in the manufacture of the goods during the reference period.
(2) An exporter who has applied the method of determination set out in paragraph (1) must apply the same method in respect of the fiscal year following the reference period.
(3) But the exporter may cease to apply that method if, during a given fiscal year or shorter period of at least three months, the exporter records that fluctuations in costs or currency rates which justified such a method have ceased.
(4) In this regulation—
“fiscal year” means the year, beginning with the same date each year, defined by the exporter;
“reference period” means the preceding fiscal year or, where figures for a complete preceding fiscal year are not available, a shorter period of at least three months in the preceding fiscal year.

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Source: https://www.legislation.gov.uk/uksi/2023/557/regulation/10 (the official version)
Page: https://openlegislation.uk/customs-origin-of-chargeable-goods-developing-countries-trading-scheme-regulations-2023/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.