Fungible Goods or Materials. 1. In determining whether a good or material is originating for purposes of granting preferential tariff treatment, any fungible goods or materials shall be distinguished by: (a) physically separating each fungible good or material; or (b) using any inventory management method, such as averaging, last-in-first-out (LIFO) or first-in-first-out (FIFO), recognized in the generally accepted accounting principles of a Party in which the production is performed or otherwise accepted by the Party in which the production is performed. 2. The inventory management method selected under paragraph 1 for a particular fungible good or material shall continue to be used for that good or material throughout the fiscal year of the person that selected the inventory management method.
Fungible Goods or Materials. The determination of whether fungible goods or materials are originating shall be made either by physical segregation of each of the fungible goods or materials or, where commingled, by the use of an inventory management method which is recognised in the Generally Accepted Accounting Principles of the exporting Party, and should be used throughout the fiscal year.
Fungible Goods or Materials. Each Party shall provide that a fungible good or material is treated as originating based on the:
Fungible Goods or Materials. 1. For the purposes of determining whether a good qualifies as an originating good of a Party, where fungible originating materials of the Party and fungible non- originating materials that are commingled in an inventory are used in the production of the good, the origin of the materials may be determined pursuant to an inventory management method under the Generally Accepted Accounting Principles in the Party. 2. Where fungible originating goods of a Party and fungible non-originating goods are commingled in an inventory and, prior to exportation do not undergo any production process or any operation in the Party where they were commingled other than unloading, reloading and any other operation to preserve them in good condition, the origin of the good may be determined pursuant to an inventory management method under the Generally Accepted Accounting Principles in the Party. 3. Once an inventory management method set out in paragraphs 1 and 2 has been chosen, it shall be used throughout the fiscal year or fiscal period of the person that selected the inventory management method.
Fungible Goods or Materials. 1. In determining whether a good is an originating good, any fungible goods or materials shall be distinguished by:
Fungible Goods or Materials. 1. For the purposes of determining whether a good qualifies as an originating good of a Party, where fungible originating materials of the Party and fungible non- originating materials that are commingled in an inventory are used in the production of the good, the origin of the materials may be determined pursuant to an inventory management method under the Generally Accepted Accounting Principles in the Party.
Fungible Goods or Materials. 1. Where identical and interchangeable originating and non-originating goods or materials are used in the manufacture of the goods, those materials shall be physically segregated, according to their origin, during storage.
Fungible Goods or Materials. 1. A fungible good or material shall be treated as originating based on the:
Fungible Goods or Materials. 1. For purposes of determining whether a good is originating, where originating and non-originating fungible materials that are physically mixed or combined in inventory are used in the production of the good, the origin of the materials may be determined by one of the inventory management methods set out in paragraph 3.
