Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty, or adopt any new customs duty, on an originating good. 2. Except as otherwise provided in this Agreement, each Party shall eliminate its customs duties on originating goods in accordance with its Schedule set out in Annex 2B. 3. The Parties may deny preferential tariff treatment under this Agreement for used goods. For purposes of this paragraph, used goods includes those identified as such in headings or sub-headings of the HS and those reconstructed, repaired, recovered, remanufactured, or any other similar goods that, after having been used, have been subject to a process to restore their original characteristics or specifications, or to restore the functionality they had when they were new.
Appears in 26 contracts
Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement
