Common use of Value of Materials Clause in Contracts

Value of Materials. 1. The value of a material: (a) shall be the transaction value of the material; or (b) in the event that there is no transaction value or the transaction value of the material is unacceptable under Article 1 of the Customs Valuation Code, shall be determined in accordance with Articles 2 through 7 of the Customs Valuation Code. 2. Where not included under subparagraph 1(a) or 1(b) above, the value of a material: (a) shall include freight, insurance, packing and all other costs incurred in transporting the material to the importation port in the Party where the producer of the good is located, except as provided for in paragraph 3 below; and (b) may include the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of reusable scrap or by-product. 3. The value of a non-originating material shall not include, where the producer acquires the material in the Area of the Party where the producer is located, freight, insurance, packing and all other costs incurred in transporting the material from the warehouse of the supplier of the material to the place where the producer is located; as well as any other known and ascertainable cost incurred in the Area of the producer of the good. 4. The value of non-originating materials used by the producer in the production of the good shall not include the value of the non-originating materials used by: (a) another producer in the production of an originating material which is acquired and used by the producer of the good in the production of such good; or (b) the producer of the good in the production of a self-produced originating material, which is designated by the producer as an intermediate material under Article 26.

Value of Materials. 1. The value of a material: : (a) shall be the transaction value of the material; or or (b) in the event that there is no transaction value or the transaction value of the material is unacceptable under Article 1 of the Customs Valuation CustomsValuation Code, shall be determined in accordance with accordancewith Articles 2 through 7 of the Customs Valuation CustomsValuation Code. 2. Where not included under subparagraph 1(a) or 1(b) above1(b)above, the value of a material: : (a) shall include freight, insurance, packing and all other allother costs incurred in transporting the material to materialto the importation port in the Party where the producer theproducer of the good is located, except as provided for in paragraph 3 below; and (b) may include the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of reusable scrap or by-product.except 3. The value of a non-originating material shall not includenotinclude, where the producer acquires the material in the Area theArea of the Party where the producer is located, freight, ,insurance, packing and all other costs incurred in transporting intransporting the material from the warehouse of the supplier thesupplier of the material to the place where the producer is locatedislocated; as well as any other known and ascertainable cost incurred costincurred in the Area of the producer of the good. 4. The value of non-originating materials used by the producer theproducer in the production of the good shall not include the includethe value of the non-originating materials used by: : (a) another producer in the production of an originating anoriginating material which is acquired and used by usedby the producer of the good in the production of such ofsuch good; or or (b) the producer of the good in the production of a selfaself-produced originating material, which is designated isdesignated by the producer as an intermediate material intermediatematerial under Article 26.

Value of Materials. 1. The value of a materialmaterial shall: (a) shall be the transaction value of the material; or (b) in the event that there is no transaction value or the transaction value of the material is unacceptable under Article 1 of the Customs Valuation Code, shall be determined in accordance with Articles 2 through 7 of the Customs Valuation Code. 2. Where not included under subparagraph 1(aparagraph 1 (a) or 1(b) above(b), the value of a materialmaterial shall include: (a) shall include freight, insurance, packing and all other costs incurred in transporting the material to from the port of importation port in the territory of the Party where the producer of the good is located, except as provided for in paragraph 3 below; and3; (b) may include the cost of waste and spoilage resulting from the use of the material in the production of the good, less any costs recovered, provided the recovery does not exceed 30 per cent of the value of reusable scrap or by-productthe material, determined in accordance with paragraph 1. 3. The value Where the producer of a good buys a non-originating material shall not include, where the producer acquires the material in the Area territory of the Party where the producer is located, the value of the non-originating material shall not include freight, insurance, packing and all or any other costs cost incurred in transporting the material from the warehouse of the supplier to the location of the material to the place where the producer is located; as well as any other known and ascertainable cost incurred in the Area of the producer of the goodproducer. 4. The To calculate the regional value content under Article 4-04, the value of the non-originating materials used by the producer in the production of the a good shall not include the value of the non-non- originating materials used by: (a) another producer in the production of an originating material which that is acquired purchased and used by the producer of the good in the production of such goodits production; or (b) the producer of the good in the production of a self-produced manufactured originating material, which is designated by the producer as an intermediate material under in accordance with Article 264-07.

Value of Materials. 1. The value of a material: (a) shall be the transaction value of the material; or (b) in the event that there is no transaction value or the transaction value of the material is unacceptable under Article 1 of the Customs Valuation Code, shall be determined in accordance with Articles 2 through 7 of the Customs Valuation Code. 2. Where not included under subparagraph 1(a) or 1(b) above1(b)above, the value of a material: (a) shall include freight, insurance, packing and all other costs incurred in transporting the material to the importation port in the Party where the producer of the good is located, except as provided for in paragraph 3 below; and (b) may include the cost of waste and spoilage spoil age resulting from the use of the material in the production of the good, less the value of reusable scrap or by-product. 3. The value of a non-originating material shall not include, where the producer acquires the material in the Area of the Party where the producer is located, freight, insurance, packing and all other costs incurred in transporting intrans porting the material from the warehouse of the supplier of the material to the place where the producer is located; as well as any other known and ascertainable cost incurred in the Area of the producer of the good. 4. The value of non-originating materials used by the producer in the production of the good shall not include the value of the non-originating materials used by: (a) another producer in the production of an originating material which is acquired and used by the producer of the good in the production of such good; or (b) the producer of the good in the production of a self-produced originating material, which is designated by the producer as an intermediate material under Article 26.