USTR has issued a list of product susceptible of loosing GSP benefits due to bypassing of CNL conditions. Products crossing Competitive Need Limitation (CNL) can loose their GSP benefits. CNL limits, for current year, are either USD value exports crossed $150 million or 50 percent of the US import market this year.
|
HS Code |
Description |
Country |
Import from India |
Total Import in US |
Indian Share |
|
2905.49.10 |
Triols and tetrols |
India |
$7,369,195 |
$16,569,389 |
44.5% |
|
3307.41.00 |
“Agarbatti” and other odoriferous preparations which operate by burning, to perfume or deodorize rooms or used during religious rites |
India |
$8,354,837 |
$16,143,462 |
51.8% |
|
7307.91.50 |
Iron or steel (o/than stainless), not cast, flanges for tubes/pipes, not forged or forged and machined, tooled & processed after forging |
India |
$71,322,790 |
$159,732,875 |
44.7% |
|
8708.30.50 |
Pts. & access. of mtr. vehicles of 8701, and 8702-8705, brakes and servo-brakes & pts thereof |
India |
$116,244,490 |
$3,065,358,359 |
3.8% |
Affected companies have time till Dec 16, 2011 to file petition for waiver of CNL
