Local content definition

Local content means that portion of the bidding price which is not included in the imported content provided that local manufacture does take place.
Local content means the amount of value added in India which shall, be the total value of the item being offered minus the value of the imported content in the item (including all customs duties) as a proportion of the total value, in percent.
Local content means the amount of value added in India which shall, unless otherwise prescribed by the Nodal Ministry, be the total value of the items procured (excluding net domestic indirect taxes) minus the value of imported content in the item (including all customs duties) as a proportion of the total value, in percent.

Examples of Local content in a sentence

  • Local content learning materials at all educational levels are based on contex- tual analysis of natural, social, and cultural environments with potentials and uniqueness that can be life skills and develop noble mo- rality and good conceptual mastery of local excellence (Asrial et al., 2022).Schools use data to choose local content.

  • Bid price, excluding VAT (y)RImported content (x)RStipulated minimum threshold for Local content (paragraph 3 above) Local content % , as calculated in terms of SATS 1286 MBD 7.1 T2.1 I CONTRACT FORM - PURCHASE OF GOODS/WORKSTHIS FORM MUST BE FILLED IN DUPLICATE BY BOTH THE SUCCESSFUL BIDDER (PART 1) AND THE PURCHASER (PART 2).

  • Local content requirements have been employed by most of the developed countries from time to time, especially in the automotive industry.

  • Local content for eligibility for Class-I; Class-II local Suppliers and Non-local Suppliers shall be 50% and above; 20% and above but less than 50%; and less than 20%, respectively.

  • The local content has been calculated using the formula given in clause 3 of SATS 1286, the rates of exchange indicated in paragraph 4.1 above and the following figures: Bid price, excluding VAT (y)RImported content (x)RStipulated minimum threshold for Local content (paragraph 3 above) Local content % , as calculated in terms of SATS 1286 If the bid is for more than one product, a schedule of the local content by product shall be attached.


More Definitions of Local content

Local content means that portion of the bidding price which is not included in
Local content means the amount of value added in India which shall be the total value of the item procured (excluding net domestic indirect taxes) minus the value of imported content in the item (including all custom duties) as a proportion of the total value, in percent. Minimum local content shall be 50% for the subject tender.
Local content means that portion of the bidding price which is not included in the imported content provided
Local content. - means the amount of value added in India i.e. total value of the item (excluding local taxes) minus the value of import content in the item (including customs duty) as a proportion of the total value of the item, in percent
Local content means that portion of the bid or tender price which is not included in the imported content, provided that local manufacture does take place;
Local content means that portion of the bid price, excluding Value Added Tax (VAT), which is not included in imported content, provided that local manufacture does take place.
Local content means the amount of value added in India (i.e. indigenous items/services added in the offered products/ services/ works) be the total value of the item offered (excluding net domestic indirect taxes) minus the value of imported content in the item (including all customs duties/IGST) as a proportion of the total value (excluding net domestic indirect taxes), in percent.