Common use of Value of Materials Clause in Contracts

Value of Materials. 1. Each Party shall provide that for purposes of calculating the regional value content of a good and for purposes of applying the de minimis rule, the value of a material is: (a) for a material imported by the producer of the good, the adjusted value of the material; (b) for a material acquired in the territory where the good is produced, except for materials within the meaning of subparagraph (c), the adjusted value of the material; or (c) for a material that is self-produced, or where the relationship between the producer of the good and the seller of the material influenced the price actually paid or payable for the material, including a material obtained without charge, the sum of: (i) all expenses incurred in the production of the material, including general expenses; and (ii) an amount for profit. 2. Each Party shall provide that the value of materials may be adjusted as follows: (a) for originating materials, the following expenses may be added to the value of the material if not included under paragraph 1: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable or otherwise recoverable, including credit against duty or tax paid or payable; and (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-product; and (b) for non-originating materials, where included under paragraph 1, the following expenses may be deducted from the value of the material: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes, and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, including credit against duty or tax paid or payable; (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-products; (iv) the cost of processing incurred in the territory of a Party in the production of the non-originating material; and (v) the cost of originating materials used in the production of the non- originating material in the territory of a Party.

Value of Materials. 1. Each Party shall provide that for purposes of calculating the regional value content of a good and for purposes of applying the de minimis rule, the value of a material is: (a) for a material imported by the producer of the good, the adjusted value of the material; (b) for a material acquired in the territory where the good is produced, except for materials within the meaning of subparagraph (c), the adjusted value of the material; or (c) for a material that is self-produced, or where the relationship between the producer of the good and the seller of the material influenced the price actually paid or payable for the material, including a material obtained without charge, the sum of: (i) all expenses incurred in the production of the material, including general expenses; and (ii) an amount for profit. 2. Each Party shall provide that the value of materials may be adjusted as follows: (a) for originating materials, the following expenses may be added to the value of the material if not included under paragraph 1: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable or otherwise recoverable, including credit against duty or tax paid or payable; and (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-product; and (b) for non-originating materials, where included under paragraph 1, the following expenses may be deducted from the value of the material: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes, and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, including credit against duty or tax paid or payable; (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-products; (iv) the cost of processing incurred in the territory of a Party in the production of the non-originating material; and (v) the cost of originating materials used in the production of the non- non-originating material in the territory of a Party.

Value of Materials. 1. Each Party shall provide that for purposes of calculating the regional value content of a good and for purposes of applying the de minimis rule, the value of a material is: (a) for a material imported by the producer of the good, the adjusted value of the material; (b) for a material acquired in the territory where the good is produced, except for materials within the meaning of subparagraph (c), the adjusted value of the material; or (c) for a material that is self-produced, or where the relationship between the producer of the good and the seller of the material influenced the price actually paid or payable for the material, including a material obtained without charge, the sum of: (i) all expenses incurred in the production of the material, including general expenses; and (ii) an amount for profit. 2. Each Party shall provide that the value of materials may be adjusted as follows: (a) for originating materials, the following expenses may be added to the value of the material if not included under paragraph 1: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable or otherwise recoverable, including credit against duty or tax paid or payable; and (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-product; and (b) for non-originating materials, where included under paragraph 1, the following expenses may be deducted from the value of the material: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes, and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, including credit against duty or tax paid or payable; (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-products; (iv) the cost of processing incurred in the territory of a Party in the production of the non-originating material; and (v) the cost of originating materials used in the production of the non- originating material in the territory of a Party.

Value of Materials. 1. Each Party shall provide that for purposes of calculating the regional value content of a good and for purposes of applying the de minimis rule, the value of a material is: (a) for a material imported by the producer of the good, the adjusted value of the material; (b) for a material acquired in the territory where the good is produced, except for materials within the meaning of subparagraph (c), the adjusted value of the material; or (c) for a material that is self-produced, or where the relationship between the producer of the good and the seller of the material influenced the price actually paid or payable for the material, including a material obtained without charge, the sum of: (i) all expenses incurred in the production of the material, including general expenses; and (ii) an amount for profit. 2. Each Party shall provide that the value of materials may be adjusted as follows: (a) for originating materials, the following expenses may be added to the value of the material if i f not included under paragraph 11 : (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable or otherwise recoverable, including credit against duty or tax paid or payable; and (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-product; and (b) for non-originating materials, where included under paragraph 1, the following expenses may be deducted from the value of the material: (i) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer; (ii) duties, taxes, and customs brokerage fees on the material paid in the territory of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, including credit against duty or tax paid or payable; (iii) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-products; (iv) the cost of processing incurred in the territory of a Party in the production of the non-non- originating material; and (v) the cost of originating materials used in the production of the non- originating nonoriginating material in the territory of a Party.