Fungible Goods and Materials. 1. Each Party shall provide that the determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each good or material or through the use of any inventory management method, such as averaging, last-in, first-out, or first-in, first out, recognized in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by the Party in which the production is performed.
Fungible Goods and Materials. For purposes of determining whether a good is an originating good:
Fungible Goods and Materials. 1. For the purposes of determining whether a good qualifies as an originating good of a Party, where fungible originating materials of the Party and fungible non- originating materials that are commingled in an inventory are used in the production of the good, the origin of the materials may be determined pursuant to an inventory management method under the Generally Accepted Accounting Principles in the Party.
Fungible Goods and Materials. 1. For the purposes of determining whether a good is an originating good, where originating and non-originating fungible materials that are commingled in an inventory, are used in the production of a good, the origin of the materials may be determined pursuant to an inventory management method set out in paragraph 3 below.
Fungible Goods and Materials. 1. Each Party shall provide that the person claiming preferential tariff treatment for a good may claim that a fungible good or material is originating based on either the physical segregation of each fungible good or material, or through the use of any inventory management method, such as averaging, last-in, first-out, or first-in, first-out, recognized in the Generally Accepted Accounting Principles of the Party in which the production is performed or otherwise accepted by the Party in which the production is performed.
Fungible Goods and Materials. 1. Each Party shall provide that a fungible material or good is originating if:
Fungible Goods and Materials. 1. When in the production of goods using originating or non-originating fungible goods or materials, the origin of those fungible goods or materials shall be determined either by physical segregation of each good or material, at the producer’s choice, or through the application of one of the following inventory management methods:
Fungible Goods and Materials. 1. Each Party shall provide that an importer may claim that a fungible good or material is originating where the importer, exporter, or producer has:
Fungible Goods and Materials. 1. For the purposes of determining whether a good is anoriginating good, where originating and non-originatingfungible materials that are commingled in an inventory, areused in the production of a good, the origin of thematerials may be determined pursuant to an inventorymanagement method set out in paragraph 3 below. 2. Where originating and non- originating fungible goodsare commingled in an inventory and, prior to exportation donot undergo any production process or any operation in theArea of the Party where they were commingled other thanunloading, loading or any other operation necessary topreserve it in good condition or to transport the good tothe other Party, the origin of the good may be determinedpursuant to an inventory management method set out inparagraph 3 below. 3. The inventory management methods for fungible goods ormaterials shall be the following: (a) "FIFO method" (first in-first out) is theinventory management method by which the originof the number of fungible goods or materialsfirst received in the inventory is considered tobe the origin of the same number of fungiblegoods or materials first withdrawn from theinventory; (b) "LIFO method" (last in-first out) is theinventory management method by which the originof the number of fungible goods or materials lastreceived in the inventory is considered to be theorigin of the same number of fungible goods ormaterials first withdrawn from the inventory; or (c) "average method" is the inventory managementmethod by which, except as provided for inparagraph 4 below, the origin of fungible goodsor materials withdrawn from an inventory is basedon the ratio, calculated under the followingformula: XXX ROM= x 100 TONM where: ROM: ratio of originating fungible goods ormaterials; XXX: total units of originating fungiblegoods or materials in the inventoryprior to the shipment; and TONM: total sum of units of originating andnon-originating fungible goods ormaterials in the inventory prior tothe shipment. 4. Where a good is subject to a regional value contentrequirement, the determination of value of non-originatingfungible materials shall be made through the followingformula: TNM RNM= x 100 TONM where: RNM: ratio of value of non-originating fungiblematerials; TNM: total value of fungible non-originatingmaterials in the inventory prior to theshipment; and TONM: total value of originating and non-originatingfungible materials in the inventory prior tothe shipment. 5. Once an inventory management method se...
Fungible Goods and Materials. 1. Each Party shall provide that the determination of whether fungible goods or materials are originating goods shall be made either by physical segregation of each good or material, or through the use of any inventory management method, such as averaging, last-in, first-out, or first-in, first-out, recognised in the generally accepted accounting principles of the Party in which the production is performed or otherwise accepted by the Party in which the production is performed. 2. Once a particular inventory management method is selected under paragraph 1, that method shall continue to be used for those fungible goods or materials throughout the fiscal year of the person that selected the inventory management method. 6 The last process of production or operation does not exclude the minimal operations that do not confer origin stipulated in Article 4.4 (Operations that do not Confer Origin).
