Commodity classification definition

Commodity classification means numeric designations the State Purchasing Director assigns to classify goods and services into similar categories.
Sample 1Sample 2Sample 3

Examples of Commodity classification in a sentence

  • Commodity classification requests submitted pursuant to§ 748.3(e) are reviewed by the Departments of Commerce, State and Defense.

  • Based on the commodity classification of Vitranss2 [25] (Commodity classification is presented in appendix), general cargo volume passed through Da Nang Port includes commodity groups as follows: food, wood, steel products, building materials, cement, fertilizer, coal, and manufactured goods.According to statistics from Da Nang Port, there was a significant increase in annual cargo volumes passed through Da Nang Port from 2012 to 2016.

  • Departments requesting essential and unique items with special design and/or performance features may obtain Sole Source Commodity classification for these items.

  • The unique identifier of a Commodity classification of goods defined within the Tariff Volume 2 combines the Tariff Chapter (digit positions 1-2), Harmonised System Main Heading (positions 3-4), Sub-heading (positions 5-6), Combined Nomenclature (positions 7-8), an unused character (position 9) and optionally the Taric Code (positions 10-11).

  • Commodity classification code for each hazardous waste per 15 CFR 30.6(a)(12); III.

  • It provides comment on the four main components of the review: Principal purpose of the CPI; Frequency of compilation; Population coverage; and Commodity classification and Item coverage.

  • VAT law has adopted the Central Excise Commodity classification for ascertaining the effective output VAT rates by way of referring to the same in Third Schedule and Exemption Notification.

  • Commodity classification determines the applicable customs duty rate, import / export licensing requirements, export refund rates, etc.There are 98 different categories with detailed import and export duty rates for all goods and commodities.

  • The 10-digit commodity classification number provided in theHarmonized Tariff Schedule (HTS) may be reported in lieu of the Schedule B Commodity classification numberexcept as noted in the headnotes of the HTS.

  • Commodity classification code for each hazardous waste per 15 CFR section 30.6(a)(12); 3.

Related to Commodity classification

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • Commodity intermediary means a person that:

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • S&P Industry Classification The S&P Industry Classifications set forth in Schedule 2 hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Moody’s Industry Classification means the industry classifications set forth in Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if Moody’s publishes revised industry classifications. The determination of which Moody’s Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

  • Commodity option means an account, agreement, or contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but shall not include an option traded on a national securities exchange registered with the United States securities and exchange commission.

  • Support Classes As specified in the Preliminary Statement.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Commodity Hedging Agreement means any agreement with respect to a commodity swap or other agreement regarding the hedging of commodity purchase and sale exposure executed in connection with hedging the commodity purchase and sale exposure of the Borrower and its Subsidiaries, and any confirming letter executed pursuant to such commodity hedging agreement, all as amended, restated or otherwise modified.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Commodities means the Commodities , raw materials, machines, equipments and/or other materials that should be provided by the Supplier to the Buyer under the Contract.

  • Established Grade means that grade established by the City for the particular area in which a sidewalk is to be constructed.

  • Industry Classification Group means (a) any of the classification groups set forth in Schedule 1.01(c) hereto, together with any such classification groups that may be subsequently established by Moody’s and provided by the Borrower to the Lenders, and (b) up to three additional industry group classifications established by the Borrower pursuant to Section 5.12.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.