Common use of Obligations Regarding Importations Clause in Contracts

Obligations Regarding Importations. 1. Except as otherwise provided in this Chapter, each Party shall require an importer in its territory that claims preferential tariff treatment to: (a) make a written statement in the customs declaration, based on a valid Certificate of Origin, indicating that the good qualifies as an originating good; (b) hold the Certificate of Origin at the time the statement referred to in subparagraph (a) is made; (c) hold the documents which certify that the requirements established in Article 36 (Direct Transport) have been met, where applicable; and (d) submit the valid Certificate of Origin, as well as the documents indicated in subparagraph (c) to the customs authority, when it is required. 2. When an importer has reason to believe that a Certificate of Origin on which a statement was based contains incorrect information, the importer shall make a corrected statement and pay any customs duty owed, before a verification process is initiated. 3. When the importer does not comply with any requirements under this Article and any other requirements under this Chapter, the preferential tariff treatment shall be denied for the goods imported from the territory of the exporting Party.

Appears in 4 contracts

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

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