VNM means the value of non-originating materials used to manufacture the product, and which is its customs value at the time of importation including freight, insurance, where appropriate, packing and all the other costs incurred in transporting the materials to the importation port in the Party where the producer of the product is located; where that customs value is not known and cannot be ascertained, the first ascertainable price paid for the
VNM means the value of the non-originating materials used in the production of the product which is its customs value at the time of importation including freight, insurance if appropriate, packing and all other costs incurred in transporting the materials to the importation port in the Party where the producer of the product is located. If the value of the non-originating materials is not known and cannot be ascertained, the first ascertainable price paid for the non-originating materials in the Union or in New Zealand shall be used. The value of the non-originating materials used in the production of the product may be calculated on the basis of the weighted average cost formula or other inventory valuation method under accounting principles which are generally accepted in the Party; and
Examples of VNM in a sentence
For the purpose of sub-paragraph (c) of Article 23 (Originating Goods) of this Chapter, the Regional Value Content (RVC) criterion shall be calculated as follows: RVC = Ex − works price − VNM x 100% Ex − works price where: RVC is the regional value content, expressed as a percentage; and VNM is the value of the non-originating materials.
More Definitions of VNM
VNM is the CIF (Cost, Insurance and Freight) value of all non-originating materials that:
VNM is the value of the non-originating materials, including materials of undetermined origin, as determined in accordance with paragraph 2.
VNM means the value of the non-originating materials used in the production of the product, which is its customs value at the time of importation, including freight, insurance if appropriate, packing and all other costs incurred in transporting the materials to the importation port in the Party where the producer of the product is located; where the value of the non-originating materials is not known and cannot be ascertained, the first ascertainable price paid for the non-originating materials in the Union or in the United Kingdom is used; the value of the non-originating materials used in the production of the product may be calculated on the basis of the weighted average value formula or other inventory valuation method under accounting principles which are generally accepted in the Party. Note 5 Definitions of processes referred to in Sections V to VII in Annex ORIG-2 [Product-specific rules of origin] For the purposes of product-specific rules of origin, the following definitions apply:
VNM is the CIF value of non-originating materials, in the form in which they were first acquired or supplied to the producer of the goods.
VNM means the value, as defined in the WTO Customs Valuation Agreement, of the non-originating materials, adjusted on a CIF basis.
VNM means the value of non-originating materials used in the manufacture of the product which is its customs value at the time of importation including freight, insurance where appropriate, packing and all the other costs incurred in transporting the materials to the importation port in the Party where the producer of the product is located. Where it is not known and cannot be ascertained, the first ascertainable price paid for the non- originating materials in either Party is used, which may exclude all costs incurred in transporting the non-originating materials within a Party such as freight, insurance and packing costs as well as any other known and ascertainable cost incurred there.
VNM is the value of non-originating materials used in the production of a good. FOB referred to in subparagraph 2(a) shall be the value: adjusted to the first ascertainable price paid for a good from the buyer to the producer of the good, if there is free-on-board value of the good, but it is unknown and cannot be ascertained; or determined in accordance with Articles 1 through 8 of the Agreement on Customs Valuation, if there is no free-on-board value of a good. For the purposes of paragraph 1, the value of non-originating materials used in the production of a good in a Party: shall be determined in accordance with the Agreement on Customs Valuation and shall include freight, insurance, and where appropriate, packing and all other costs incurred in transporting the material to the importation port in the Party where the producer of the good is located; or if such value is unknown and cannot be ascertained, shall be the first ascertainable price paid for the material in the Party, but may exclude all the costs incurred in the Party in transporting the material from the warehouse of the supplier of the material to the place where the producer is located such as freight, insurance and packing as well as any other known and ascertainable cost incurred in the Party. For the purposes of paragraph 1, the VNM of a good shall not include the value of non-originating materials used in the production of originating materials of the Party which are used in the production of the good. For the purposes of subparagraph 3(b) or 4(a), in applying the Agreement on Customs Valuation to determine the value of a good or non-originating material, the Agreement on Customs Valuation shall apply, mutatis mutandis, to domestic transactions or to the cases where there is no domestic transaction of the good or non-originating material.