Common use of Revenue Sharing Formula Clause in Contracts

Revenue Sharing Formula. 1. Member States agree that in determining their respective shares of the total customs, excise and additional duties collected in the Common Customs Area during any financial year, the share accruing to each Member State will be calculated from three distinct components as set out in the paragraphs below. 2. Member States agree that the budgeted cost of financing the Secretariat, the Tariff Board and the Tribunal for the related financial year will first be deducted proportionately from the gross amounts of customs, excise and additional duties collected, before distribution to Member States from the three components mentioned hereunder. (a) The customs component shall consist of the gross amount of customs duties and specific and ad valorem customs duties leviable and collected on goods imported into the Common Customs Area, and other duties collected on imported goods, less the deduction as provided for in paragraph 2, but shall not include any duties rebated or refunded under the provisions of any law relating to customs duties. (b) Each Member State's share of the customs component shall be calculated from the value of goods imported from all other Member States in a specific year as a percentage of total intra-SACU imports in such year. (c) The exact method and procedures for the calculation of each Member State's share of the customs component are specified in Annex A. (a) The excise component shall consist of the gross amount of excise duties, less the deduction as provided for in paragraph 2, leviable and collected on goods produced in the Common Customs Area, less the amount set aside to fund the development component, but shall not include any duties rebated or refunded under the provisions of any law relating to excise duties. (b) Each Member State's share of the excise component shall be calculated from the value of its Gross Domestic Product (GDP) in a specific year as a percentage of total SACU GDP in such year. (c) The exact method and procedures for the calculation of each Member State's share of the excise component are specified in Annex A. (a) A development component shall be established and shall be funded from a fixed percentage of the excise component, less the deduction as provided for in paragraph 2. (b) Each Member State shall receive a share of the development component and the distribution of this component shall be weighted in favour of the less developed Member States. (c) The exact method and procedures for the calculation of each Member State's share of the development component are specified in Annex A.

Revenue Sharing Formula. 1. Member States agree that in determining their respective shares of the total customs, excise and additional duties collected in the Common Customs Area during any financial year, the share accruing to each Member State will be calculated from three distinct components as set out in the paragraphs below.. Part 7 Revenue Sharing 2. Member States agree that the budgeted cost of financing the Secretariat, the Tariff Board and the Tribunal for the related financial year will first be deducted proportionately from the gross amounts of customs, excise and additional duties collected, before distribution to Member States from the three components mentioned hereunder. (a) The customs component shall consist of the gross amount of customs duties and specific and ad valorem customs duties leviable and collected on goods imported into the Common Customs Area, and other duties collected on imported goods, less the deduction as provided for in paragraph 2, but shall not include any duties rebated or refunded under the provisions of any law relating to customs duties. (b) Each Member State's share of the customs component shall be calculated from the value of goods imported from all other Member States in a specific year as a percentage of total intra-SACU imports in such year. (c) The exact method and procedures for the calculation of each Member State's share of the customs component are specified in Annex A. (a) The excise component shall consist of the gross amount of excise duties, less the deduction as provided for in paragraph 2, leviable and collected on goods produced in the Common Customs Area, less the amount set aside to fund the development component, but shall not include any duties rebated or refunded under the provisions of any law relating to excise duties. (b) Each Member State's share of the excise component shall be calculated from the value of its Gross Domestic Product (GDP) in a specific year as a percentage of total SACU GDP in such year.. Part 7 Revenue Sharing (c) The exact method and procedures for the calculation of each Member State's share of the excise component are specified in Annex A. (a) A development component shall be established and shall be funded from a fixed percentage of the excise component, less the deduction as provided for in paragraph 2. (b) Each Member State shall receive a share of the development component and the distribution of this component shall be weighted in favour of the less developed Member States. (c) The exact method and procedures for the calculation of each Member State's share of the development component are specified in Annex A.

Revenue Sharing Formula. 1. Member States agree that in determining their respective shares of the total customs, excise and additional duties collected in the Common Customs Area during any financial year, the share accruing to each Member State will be calculated from three distinct components as set out in the paragraphs below. 2. Member States agree that the budgeted cost of financing the Secretariat, the Tariff Board and the Tribunal for the related financial year will first be deducted proportionately from the gross amounts of customs, excise and additional duties collected, before distribution to Member States from the three components mentioned hereunder.. The Customs Component (a) The customs component shall consist of the gross amount of customs duties and specific and ad valorem customs duties leviable and collected on goods imported into the Common Customs Area, and other duties collected on imported goods, less the deduction as provided for in paragraph 2, but shall not include any duties rebated or refunded under the provisions of any law relating to customs duties. (b) Each Member State's share of the customs component shall be calculated from the value of goods imported from all other Member States in a specific year as a percentage of total intra-SACU imports in such year. (c) The exact method and procedures for the calculation of each Member State's share of the customs component are specified in Annex A.A. The Excise Component (a) The excise component shall consist of the gross amount of excise duties, less the deduction as provided for in paragraph 2, leviable and collected on goods produced in the Common Customs Area, less the amount set aside to fund the development component, but shall not include any duties rebated or refunded under the provisions of any law relating to excise duties. (b) Each Member State's share of the excise component shall be calculated from the value of its Gross Domestic Product (GDP) in a specific year as a percentage of total SACU GDP in such year. (c) The exact method and procedures for the calculation of each Member State's share of the excise component are specified in Annex A.A. The Development Component (a) A development component shall be established and shall be funded from a fixed percentage of the excise component, less the deduction as provided for in paragraph 2. (b) Each Member State shall receive a share of the development component and the distribution of this component shall be weighted in favour of the less developed Member States. (c) The exact method and procedures for the calculation of each Member State's share of the development component are specified in Annex A.