Common use of Fungible Goods and Materials Clause in Contracts

Fungible Goods and Materials. 1. The determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each of the materials, or through the use of an inventory management method recognised in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by that Party. 2. A Party shall provide that an inventory management method selected under paragraph 1 for particular fungible goods or materials shall continue to be used for those fungible goods or materials throughout its fiscal year.

Fungible Goods and Materials. 1. The determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each of the materials, or through the use of an inventory management method recognised in the generally accepted accounting principles GAAP of the Party in which the production is performed or otherwise accepted by that Party. 2. A Party shall provide that an Once a decision has been taken on the inventory management method, the method selected under paragraph 1 for particular fungible goods or materials shall continue to of inventory management chosen by the exporter must be used for those fungible goods or materials maintained throughout its the fiscal year.

Fungible Goods and Materials. 1. The determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each of the materials, or through the use of an inventory management method recognised in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by that Party. 2. A Party shall provide that an The method of inventory management method selected under paragraph 1 chosen by the exporter must be maintained for particular fungible goods or materials shall continue to be used for those fungible goods or materials throughout its fiscal at least one year.

Fungible Goods and Materials. 1. The Each Party shall provide that the determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each of the materials, good or material or through the use of an any inventory management method recognised method, such as averaging, lastin, firstout, or firstin, firstout, recognized in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by that Party.which 2. A Each Party shall provide that an inventory management method selected under paragraph 1 for particular fungible goods or materials shall continue to be used for those fungible goods or materials throughout its the fiscal yearyear ofthe personthat selected the inventorymanagement method.

Fungible Goods and Materials. 1. The Each Party shall provide that the determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each of the materials, good or material or through the use of an any inventory management method recognised method, such as averaging, last-in, first-out, or first-in, first out, recognized in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by that Partythe Party in which the production is performed. 2. A Party shall provide that an inventory management method selected under paragraph 1 for particular fungible goods or materials shall continue to be used for those fungible goods or materials throughout its fiscal year.