Common use of Record Keeping Requirement Clause in Contracts

Record Keeping Requirement. 1. Each Party shall provide that an exporter and a producer in its territory that has obtained a certificate of origin shall maintain in its territory, for five (5) years after the date on which the certificate of origin was issued or for such longer period as the Party may specify, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated with: (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elements, used in the production of the good that is exported from its territory; and (c) the production of the good in the form in which the good is exported from its territory. 2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five (5) years after the date of importation of the good or for such longer period as the Party may specify, such documentation, including a copy of the certificate of origin, as the Party may require relating to the importation of the good. 3. The records to be maintained in accordance with paragraphs 1 and 2 shall include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.

Appears in 4 contracts

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

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Record Keeping Requirement. 1. Each Party shall provide that an exporter and or a producer in its territory that has obtained completes and signs a certificate Declaration of origin Origin shall maintain in its territory, for five a period at least three (53) years after the date on which the certificate Declaration of origin Origin was issued or for such longer period as the Party may specifysigned, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated with: : (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; ; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elementsindirect materials, used in the production of the good that is exported from its territory; and and (c) the production of the good in the form in which the good is exported from its territory. . 2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five a period of at least three (53) years after the date of importation of the good or for such longer period as the Party may specifygood, such documentation, including a copy of the certificate Declaration of originOrigin, as the Party may require relating to the importation of the good. . 3. The records to be maintained in accordance with paragraphs 1 and 2 shall may include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.

Appears in 2 contracts

Samples: Economic Partnership Agreement, Economic Partnership Agreement

Record Keeping Requirement. 1. Each Party shall provide that an exporter and a producer in its territory that has obtained completes and signs a certificate certification of origin shall maintain in its territory, for five (5) three years after the date on which the certificate certification of origin was issued signed or for such longer period as the Party may specify, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated withwith the: (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elementsindirect materials, used in the production of the good that is exported from its territory; and (c) the production of the good in the form in which the good is exported from its territory. 2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five (5) three years after the date of importation of the good or for such longer period as the Party may specify, such documentation, including a copy of the certificate certification of origin, as the Party may require relating to the importation of the good. 3. The records to be maintained in accordance with to paragraphs 1 and 2 shall include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.

Appears in 2 contracts

Samples: Customs Procedures Agreement, Rules of Origin Agreement

Record Keeping Requirement. 1. Each Party shall shal provide that an exporter and a producer in its territory that has obtained completes and signs a certificate certification of origin shall shal maintain in its territory, for five (5) three years after the date on which the certificate certification of origin was issued signed or for such longer period as the Party may specify, all al records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated withwith the: (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all al materials, including neutral elementsindirect materials, used in the production of the good that is exported from its territory; and (c) the production of the good in the form in which the good is exported from its territory. 2. Each Party shall shal provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall shal maintain in that territory, for five (5) three years after the date of importation of the good or for such longer period as the Party may specify, such documentation, including a copy of the certificate certification of origin, as the Party may require relating to the importation of the good. 3. The records to be maintained in accordance with to paragraphs 1 and 2 shall shal include electronic records and shall shal be maintained in accordance with the domestic laws and practices of each Party.

Appears in 1 contract

Samples: Customs Procedures Agreement

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Record Keeping Requirement. 1. Each Party shall provide that an exporter and or a producer in its territory that has obtained completes and signs a certificate Declaration of origin Origin shall maintain in its territory, for five a period at least three (53) years after the date on which the certificate Declaration of origin Origin was issued or for such longer period as the Party may specifysigned, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated with: (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elementsindirect materials, used in the production of the good that is exported from its territory; and (c) the production of the good in the form in which the good is exported from its territory. 2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's ’s territory shall maintain in that territory, for five a period of at least three (53) years after the date of importation of the good or for such longer period as the Party may specifygood, such documentation, including a copy of the certificate Declaration of originOrigin, as the Party may require relating to the importation of the good. 3. The records to be maintained in accordance with paragraphs 1 and 2 shall may include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.

Appears in 1 contract

Samples: Economic Partnership Agreement

Record Keeping Requirement. 1. Each Party shall provide that an exporter and a producer in its territory that has obtained a certificate of origin shall maintain in its territory, for five (5) years after the date on which the certificate of origin was issued or for such longer period as the Party may specify, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of the other Party, including records associated with: : (a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory; ; (b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elements, used in the production of the good that is exported from its territory; and and (c) the production of the good in the form in which the good is exported from its territory. . 2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five (5) years after the date of importation of the good or for such longer period as the Party may specify, such documentation, including a copy of the certificate of origin, as the Party may require relating to the importation of the good. 3. The records to be maintained in accordance with paragraphs 1 and 2 shall include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.

Appears in 1 contract

Samples: Free Trade Agreement

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