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ARTICLES

LEGAL RESOURSES

Exchange rate:

$ 18.55

    • Article 505. Records

    Each Party shall provide that:

  • An exporter or a producer in its territory that completes and signs a Certificate of Origin shall maintain in its territory, for five years after the date on which the Certificate was signed or for such longer period as the Party may specify, all records relating to the origin of a good for which preferential tariff treatment was claimed in the territory of another Party, including records associated with

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  • The purchase of, cost of, value of, and payment for, the good that is exported from its territory,

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  • The purchase of, cost of, value of, and payment for, all materials, including indirect materials, used in the production of the good that is exported from its territory, and

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  • The production of the good in the form in which the good is exported from its territory; and

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  • An importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five years after the date of importation of the good or for such longer period as the Party may specify, such documentation, including a copy of the Certificate, as the Party may require relating to the importation of the good.