Common use of Origin Criteria Clause in Contracts

Origin Criteria. 1. For the purposes of this Agreement, a product shall be considered as originating in a Party and eligible for preferential tariff treatment, if: (a) it has been wholly obtained in a Party, in accordance with Article 3.3; or (b) it meets the product specific rules (PSRs) listed in Annex 5. The value addition criteria for PSRs listed in Annex 5 is defined as Value addition = [FOB value of export – (CIF value of non-originating material + value of material of undetermined origin)]/ [FOB value of export] Value addition = [cost of originating material + direct labour cost + direct overhead cost + profits]/ [FOB value of export] 2. Notwithstanding paragraph 2 above, the final manufacture before export must have occurred in the Party of export.

Origin Criteria. 1. For the purposes of this Agreement, a product shall be considered as originating in a Party and eligible for preferential tariff treatment, if: (a) it has been wholly obtained in a Party, in accordance with Article 3.3; or (b) it meets the product specific rules (PSRs) listed in Annex 5. The value addition criteria for PSRs listed in Annex 5 is defined as Value addition = [FOB value of export – - (CIF value of non-originating material + value of material of undetermined origin)]/ [FOB value of export] or Value addition = [cost of originating material + direct labour cost + direct overhead cost + profits]/ [FOB value of export] 2. Notwithstanding paragraph 2 above, the final manufacture before export must have occurred in the Party of export.