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 CustomsValuation Code, shall be determined in accordancewith Articles 2 through 7 of the CustomsValuation 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 allother costs incurred in transporting the materialto the importation port in the Party where theproducer of the good is located, except

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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