Non-Allowable Interest Costs Law and Legal Definition
According to 19 CFR 10.593 [Title 19 Customs Duties; Chapter I U.S. Customs and Border Protection, Department of Homeland Security; Department of The Treasury; Part 10 Articles Conditionally Free, Subject to a Reduced Rate, Etc.; Subpart J Dominican Republic Central America United States Free Trade Agreement; Rules of Origin], non-allowable interest costs means interest costs incurred by a producer that exceed 700 basis points above the applicable official interest rates for comparable maturities of the Party in which the producer is located.