Amending PSR in Japan-Mexico EPA

With amending protocol of Japan-Mexico EPA effective on April 1st, 2012, certain Product Specific Rule ("PSR") in Annex IV are amended accordingly in order to reflect actual industry practice and convenience of traders.  One of the examples are as follows.

For HS code, 8415.90, 8512.90, and 9032.90 (They are mostly automotive parts)

• Existing PSR (before amending):  CTH only (Change of Tariff Heading or 4 digits change in HS code)
• New PSR (after April 1, 2012):  CTH or VA40% (Value Addition more than 40%)

This change means trader has option to choose CTH or VA40%.
Oh, please take care.  HS code in PSR of Japan-Mexico EPA is HS 2002 version.

(Source:  http://www.meti.go.jp/policy/trade_policy/epa/pdf/japan%20mexico-PSR120305.pdf )