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ARTICLES

LEGAL RESOURSES

Exchange rate:

$ 18.07

    • Article 413. Interpretation and Application

    For purposes of this Chapter:

  • The basis for tariff classification in this Chapter is the Harmonized System;

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  • Where a good referred to by a tariff item number is described in parentheses following the tariff item number, the description is provided for purposes of reference only;

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  • Where applying Article 401(d) (TLCAN: Art. 401), the determination of whether a heading or subheading under the Harmonized System provides for and specifically describes both a good and its parts shall be made on the basis of the nomenclature of the heading or subheading, or the General Rules of Interpretation, the Chapter Notes or the Section Notes of the Harmonized System;

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  • In applying the Customs Valuation Code under this Chapter,

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  • The principles of the Customs Valuation Code shall apply to domestic transactions, with such modifications as may be required by the circumstances, as would apply to international transactions,

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  • The provisions of this Chapter shall take precedence over the Customs Valuation Code to the extent of any difference, and

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  • The definitions in Article 415 (TLCAN: Art. 415) shall take precedence over the definitions in the Customs Valuation Code to the extent of any difference; and

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  • All costs referred to in this Chapter shall be recorded and maintained in accordance with the Generally Accepted Accounting Principles applicable in the territory of the Party in which the good is produced.