Section 10: Construction of references to country of origin, etc.

(1) Goods shall be regarded for the purposes of this Act as having originated in a country--
(a) if those goods were wholly produced in that country; or
(b)
if some stage in the production of the goods was carried out in that country and the cost of carrying out such stage, if any, in the production of the goods as was carried out after those goods last left that country (but before the import of the goods into Nigeria) was less than 25 per cent of the cost of production of the goods as so imported; or
(c)
if some stage in the production of any components or materials incorporated in the goods was carried out in that country and the cost of carrying out such stage in production as was carried out after those components or materials last left that country to convert those components or materials into the goods as imported into Nigeria was less than 25 per cent of the cost of production of the goods as so imported.
(2)
Where the export price of any goods from the country in which they originated is in question and some stage in the production of the goods, or of any components or materials incorporated in the goods, was carried out after they last left that country, the deductions to be made in the price by reference to which the export price is to be ascertained, shall include a deduction for the cost of carrying out any such stage in the production of the goods and in the production of any components or materials incorporated in the goods; and the fair market price shall be the fair market price of those goods or, as the case may be, of those components or materials, in the state in which they left that country.
(3)
Any reference in this Act to the country in which goods originated shall be taken, in a case where there are two or more countries which answer to that description, as a reference to any of those countries.
(4)
The President may by regulations prescribe-
(a) the costs, charges and expenses to be taken into account in ascertaining costs of production or the cost of any stage in production;
(b) the manner in which cost of production is to be ascertained in cases where different stages are carried out by different persons;
(c) the manner in which the cost of different stages of production is to be ascertained.