Common use of GOODS RE-ENTERED AFTER REPAIR OR ALTERATION Clause in Contracts

GOODS RE-ENTERED AFTER REPAIR OR ALTERATION. 1. In accordance with its domestic laws and regulations, neither Party may apply a customs duty to a good, regardless of its origin, that re-enters its territory after that good has been temporarily exported from its territory to the territory of the other Party for repair or alteration, regardless of whether the repair or alteration: (a) could be performed in the territory of the Party from which the good was exported for repair or alteration; or (b) has increased the value of the good. 2. In accordance with its domestic laws and regulations, neither Party may apply a customs duty to a good, regardless of its origin, admitted temporarily from the territory of the other Party for repair or alteration. 3. For the purposes of this Article, “repair or alteration” does not include an operation or process that: (a) destroys a good’s essential characteristics or creates a new or commercially different good; or (b) transforms an unfinished good into a finished good.

Appears in 4 contracts

Samples: Free Trade Agreement, Trade Agreement, Trade Agreement

AutoNDA by SimpleDocs

GOODS RE-ENTERED AFTER REPAIR OR ALTERATION. 1. In accordance with its domestic laws and regulations, neither Neither Party may shall apply a customs duty to a good, regardless of its origin, that re-enters reenters its territory after that good has been temporarily exported from its territory to the territory of the other Party for repair or alteration, regardless of whether the repair or alteration: (a) could be performed in the territory of the Party from which the good was exported for repair or alteration; or (b) has increased the value of the good. 2. In accordance with its domestic laws and regulations, neither Neither Party may shall apply a customs duty to a good, regardless of its origin, admitted temporarily from the territory of the other Party for repair or alteration. 3. For the purposes of this Article, "repair or alteration" does not include an operation or process that: (a) destroys a good’s 's essential characteristics or creates a new or commercially different good; or (b) transforms an unfinished good into a finished good.

Appears in 1 contract

Samples: Free Trade Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!