Common use of Obligations Regarding Importations Clause in Contracts

Obligations Regarding Importations. 1. Each Party shall require an importer in its territory that claims preferential tariff treatment for a good imported into its territory from the territory of another Party to: (a) Make a written declaration, using the import document established in its law, based on a valid certificate of origin, that the good qualifies as an originating good; (b) have the certificate of origin in its possession at the time the declaration referred to in (a) is made; (c) provide, on the request of that Party’s competent authority, a copy of the certificate of origin; and (d) promptly make a corrected declaration and pay any duties owing where the importer has reason to believe that a certificate on which a declaration was based contains information that is not correct. If the importer complies with the above obligation, it shall not be subject to penalties.

Appears in 4 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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Obligations Regarding Importations. 1. Each Party shall require an importer in its territory that claims preferential tariff treatment for a good imported into its territory from the territory of another Party to: (a) Make a written declaration, using the import document established in its law, based on a valid certificate of origin, that the good qualifies as an originating good; (b) have the certificate of origin in its possession at the time the declaration referred to in in (a) is made; (c) provide, on the request of that Party’s competent authority, a copy of the certificate of origin; and (d) promptly make a corrected declaration and pay any duties owing where the importer has reason to believe that a certificate on which a declaration was based contains information that is not correct. If the importer complies with the above obligation, it shall not be subject to penalties.

Appears in 1 contract

Samples: Free Trade Agreement

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