Average method Sample Clauses

Average method. Where goods are originating fungible and non-originating materials are physically combined in mixed or inventory, and prior to their exportation do not undergo any production process or any other operation in the territory of the Party in which they were physically mixed or combined, other than reloading unloading, or any other movement necessary to maintain the goods in good condition or to transport in the territory of another party, the origin of the good may be determined by one of the inventory management methods.
Sample 1Sample 2
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Average method. Good A is subject to a regional value content requirement. For the purpose of determining the regional value content of Good A, Producer A needs to calculate the average value of the Non- Originating fungible material A (= (6) VNM of Material A) in the inventory. Such value is calculated on the basis of the ratio of the total value of non-originating Material A to total value of originating Material A and non-originating Material A in the following table. As of 01/05/05, there are 1100 units of originating material A and 1100 units of non-originating material A in the inventory. The regional value content of the 100 units of Good A shipped on 01/10/05 is calculated as follows: $1,100 + $1,210 Average unit cost of material A in the inventory = = $1.05 1100 + 1100 TNM $1,210 RNM=--------------- x 100=------------------------ x 100 = 52.3809 … = approx. 52% TONM $1,100+$1,210 Therefore, the VNM of Material A in the formula for the calculation of regional value content of Good A is: $1.05(Average Unit Cost of Material A) x approx. 0.52 = 0.55 MATERIAL INVENTORY SALES
Sample 1
Average method. Where the exporter or person referred to in Subsection 7.2 chooses the average method, the origin of each shipment of fungible goods withdrawn from finished goods inventory during a one-month or three-month period, at the choice of the exporter or person, is determined on the basis of the ratio of originating goods and non-originating goods in finished goods inventory for the preceding one-month or three-month period that is calculated by dividing: (a) the sum of: (i) the total units of originating goods or non-originating goods that are fungible goods and that were in finished goods inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating or non-originating goods that are fungible goods and that were received in finished goods inventory during that preceding one- month or three-month period. by: (b) the sum of: (i) the total units of originating goods and non-originating goods that are fungible goods and that were in finished goods inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating goods and non-originating goods that are fungible goods and that were received in finished goods inventory during that preceding one-month or three-month period.
Sample 1
Average method. 1. Where the producer or person referred to in Subsection 2.2 chooses the average method, the origin of fungible materials withdrawn from materials inventory is determined on the basis of the ratio of originating materials and non-originating materials in materials inventory that is calculated under paragraphs 2 and 3. 2. The ratio is calculated with respect to a one-month or three-month period, at the choice of the producer or person, by dividing: (a) the sum of: (i) the total units of originating materials or non-originating materials that are fungible materials and that were in materials inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating materials or non-originating materials that are fungible materials and that were received in materials inventory during that preceding one-month or three-month period; by: (b) the sum of: (i) the total units of originating materials and non-originating materials that are fungible materials and that were in materials inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating materials and non-originating materials that are fungible materials and that were received in materials inventory during that preceding one-month or three-month period. 3. The ratio calculated with respect to a preceding one-month or three-month period under paragraph 2 is applied to the fungible materials remaining in materials inventory at the end of the preceding one-month or three-month period. 4. Where the good is subject to a regional value-content requirement and the regional value content of that good is calculated under the transaction value method or the net cost method, the ratio is calculated with respect to each shipment of the good by dividing: (a) the total units of originating materials or non-originating materials that are fungible materials and that were in materials inventory prior to the shipment; by: (b) the total units of originating materials and non-originating materials that are fungible materials and that were in materials inventory prior to the shipment. 5. The ratio calculated with respect to a shipment of a good under paragraph 4 is applied to the fungible materials remaining in materials inventory after the shipment.
Sample 1
Average method. Good A is subject to a regional value content requirement. For the purpose of determining the regional value content of Good A, Producer A needs to calculate the average value of the Non- Originating fungible material A (= (6) VNM of Material A) in the inventory. Such value is calculated on the basis of the ratio of the total value of non-originating Material A to total value of originating Material A and non-originating Material A in the following table. As of 01/05/05, there are 1100 units of originating material A and 1100 units of non-originating material A in the inventory. The regional value content of the 100 units of Good A shipped on 01/10/05 is calculated as follows: $1,100 + $1,210 Average unit cost of material A in the inventory = = $1.05 1100 + 1100 TNM $1,210 RNM=--------------- x 100=------------------------ x 100 = 52.3809 … = approx. 52% TONM $1,100+$1,210 Therefore, the VNM of Material A in the formula for the calculation of regional value content of Good A is: $1.05(Average Unit Cost of Material A) x approx. 0.52 = 0.55 MATERIAL INVENTORY SALES (Receipts of Material A) Originating and Non- originating MaterialA Originating Material A Non-Originating Material A Shipment Good A Date Quantity Unit Cost Value Total Average Total Total Ratio VNM Quantity (M/D/Y) (Units)(1) Value(2) Cost(3) Value Value(4) (5) (6) (Units) Receipt 12/18/04 100 (O) $1.00 $100.00 $100.00 Receipt 12/27/04 100 (N) $1.10 $110.00 $110.00 New Avg Inv Value 200 (OI) $210 $1.05 $100.00 $110.00 0.52 Receipt 01/01/05 1000(O) $1.00 $1,000 $1,100.00 New Avg Inv Value 1,200(OI) $1,210 $1.01 $1,100.00 $110.00 0.09 Receipt 01/05/05 1,000 (N) $1.10 $1,100 $1,210.00 New Avg Inv Value 2200(OI) $2,310 $1.05 $1,100.00 $1,210.00 0.52 0.55 Shipment 01/10/05 (-100) ($105) ($50.00) ($55.00) 100 New Avg Inv Value 2100(OI) $2,205 $1.05 $1,050.00 $1,155.00 0.52 0.55 Receipt 01/10/05 1,000 (O) $1.05 $1,050 $2,100.00 New Avg Inv Value 3,100 $3,255 $1.05 $2,100.00 $1,155.00 0.35 0.37 Shipment 01/15/05 (-700) ($735) ($474.22) ($260.78) 700 New Avg Inv Value 2,400 $2,520 $1.05 $1,625.78 $894.22 0.35 0.37 Receipt 01/16/05 2,000 (N) $1.10 $2,200 $3,094.22 New Avg Inv Value 4,400 $4,720 $1.07 $1,625.78 $3,094.22 0.66 0.70 Shipment 01/20/05 (-1,000) ($1,073) ($369.44) ($703.26) 1000 New Avg Inv Value 3,400 $3,647 $1.07 $1,256.34 $2,390.96 0.66 0.70 Shipment 01/23/05 (-900) ($965) ($332.60) ($632.86) 900 New Avg Inv Value 2,500 $2,682 $1.07 $923.74 $1,758.10 0.66 0.70
Sample 1
Average method. Where the producer or person referred to in Subsection 2.2 chooses the average method, the origin of fungible materials withdrawn from materials inventory is determined on the basis of the ratio of originating materials and non-originating materials in materials inventory that is calculated under paragraphs 2 and 3. The ratio is calculated with respect to a one-month or three-month period, at the choice of the producer or person, by dividing: (a) the sum of: (i) the total units of originating materials or non-originating materials that are fungible materials and that were in materials inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating materials or non-originating materials that are fungible materials and that were received in materials inventory during that preceding one-month or three-month period; by: (b) the sum of: (i) the total units of originating materials and non-originating materials that are fungible materials and that were in materials inventory at the beginning of the preceding one-month or three-month period; and (ii) the total units of originating materials and non-originating materials that are fungible materials and that were received in materials inventory during that preceding one-month or three-month period.
Sample 1

Related to Average method

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