Fungible Goods or Materials Sample Clauses

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.
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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.
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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.
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Fungible Goods or Materials. Each Party shall provide that a fungible good or material is treated as originating based on the: (a) physical segregation of each fungible good or material; or (b) use of any inventory management method recognised in the Generally Accepted Accounting Principles if the fungible good or material is commingled, provided that the inventory management method selected is used throughout the fiscal year of the person that selected the inventory management method.
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Fungible Goods or Materials. 1. In determining whether a good is an originating good, any fungible goods or materials shall be distinguished by: (a) physical separation of the goods or materials; or (b) an inventory management method recognized in the Generally Accepted Accounting Principles of the exporting Party. 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.
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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. 2. Where considerable cost, industrial practice or material difficulties arise in keeping separate stocks of originating and non-originating materials which are identical and interchangeable, the authorised bodies may, at the written request of producers, authorise the management of materials using the accounting segregation method without keeping the materials in separate stocks. The authorisation shall be granted only if, by the use of the accounting segregation method, it can be ensured that, at any time, the number of goods obtained which could be considered as originating in a Party is the same as the number of goods that would have been obtained by using a method of physical segregation of the stocks. 3. The selected accounting segregation method shall be recorded, applied and maintained in accordance with Generally Accepted Accounting Principles applicable in the Party in which the goods aremanufactured throughout the fiscal year for the person that selected it. 4. The producer using the selected accounting segregation method mentioned in paragraph 3 shall keep all documentary evidence of origin of the materials for a period of no less than three (3) years. At the request of the verification authority of the exporting Party, the producer shall provide a satisfactory statement on how the stocks have been managed. 5. The authorised bodies shall monitor the use of the authorisation referred to in paragraph 2 and may withdraw it if the manufacturer makes improper use of it or fails to fulfil any of the other conditions laid down in this Chapter.
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Fungible Goods or Materials. 1. A fungible good or material shall be treated as originating based on the: (a) physical segregation of each fungible good or material; or (b) use of any inventory management method recognised in the generally accepted accounting principles of the Party where the production is performed, if originating and non-originating fungible goods or materials are comingled, provided that the inventory management method selected is used throughout the fiscal year of the person that selected the inventory management method. 2. The inventory management system must ensure that no more goods or material receive originating status than would have been the case if the fungible goods or materials had been physically segregated.
Sample 1
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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. 2. When originating and non-originating fungible goods are physically mixed or combined in inventory, and prior to their exportation they 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 unloading, reloading or any other movement necessary to maintain the goods in good condition or to transport them to the territory of the other Party, the origin of the good may be determined from one of the inventory management methods set out in paragraph 3. 3. The applicable inventory management methods for fungible materials or goods shall be as follows:
Sample 1

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