Common use of Value of non-originating materials Clause in Contracts

Value of non-originating materials. The value of a non-originating material used in the production of a good shall be: (a) For imported materials, parts or produce, the CIF value at the time of importation determined in accordance with the Agreement on Customs Valuation; and/or (b) For materials, parts or produce of undetermined origin, the earliest price as ascertained by the certifying authority to have been paid for in the territory of the Party where the working or processing takes place.