19 C.F.R. § 10.450

Current through October 31, 2024

Section 10.450 - Definitions

For purposes of §§ 10.450 through 10.463 of this subpart:

(a)Adjusted value. "Adjusted value" means the value determined in accordance with Articles 1 through 8, Article 15, and the corresponding interpretative notes of the Customs Valuation Agreement, adjusted, if necessary, to exclude any costs, charges, or expenses incurred for transportation, insurance, and related services incident to the international shipment of the merchandise from the country of exportation to the place of importation and the value of packing materials and containers for shipment as defined in § 10.450(m) of this subpart;

(b)Exporter. "Exporter" means a person who exports goods from the territory of a Party;

(c)Fungible goods or materials. "Fungible goods or materials" means goods or materials that are interchangeable for commercial purposes and whose properties are essentially identical;

(d)Generally Accepted Accounting Principles. "Generally Accepted Accounting Principles" means the principles, rules, and procedures, including both broad and specific guidelines, that define the accounting practices accepted in the territory of a Party;

(e)Good. "Good" means any merchandise, product, article, or material;

(f)Goods wholly obtained or produced entirely in the territory of one or both of the Parties. "Goods wholly obtained or produced entirely in the territory of one or both of the Parties" means:

(1) Mineral goods extracted in the territory of one or both of the Parties;

(2) Vegetable goods, as such goods are defined in the Harmonized System, harvested in the territory of one or both of the Parties;

(3) Live animals born and raised in the territory of one or both of the Parties;

(4) Goods obtained from hunting, trapping, or fishing in the territory of one or both of the Parties;

(5) Goods (fish, shellfish, and other marine life) taken from the sea by vessels registered or recorded with a Party and flying its flag;

(6) Goods produced on board factory ships from the goods referred to in paragraph (f)(5) provided such factory ships are registered or recorded with that Party and fly its flag;

(7) Goods taken by a Party or a person of a Party from the seabed or beneath the seabed outside territorial waters, provided that a Party has rights to exploit such seabed;

(8) Goods taken from outer space, provided they are obtained by a Party or a person of a Party and not processed in the territory of a non-Party;

(9) Waste and scrap derived from:

(i) Production in the territory of one or both of the Parties, or

(ii) Used goods collected in the territory of one or both of the Parties, provided such goods are fit only for the recovery of raw materials;

(10) Recovered goods derived in the territory of a Party from used goods, and utilized in the Party's territory in the production of remanufactured goods; and

(11) Goods produced in the territory of one or both of the Parties exclusively from goods referred to in paragraphs (f)(1) through (f)(10) of this section, or from their derivatives, at any stage of production;

(g)Importer. "Importer" means a person who imports goods into the territory of a Party;

(h)Issued. "Issued" means prepared by and, where required under a Party's domestic law or regulation, signed by the importer, exporter, or producer of the good;

(i)Location of the producer. "Location of the producer" means site of production of a good;

(j)Material. "Material" means a good that is used in the production of another good, including a part, ingredient, or indirect material;

(k)Non-originating good. "Non-originating good" means a good that does not qualify as originating under this subpart;

(l)Non-originating material. "Non-originating material" means a material that does not qualify as originating under this subpart;

(m)Packing materials and containers for shipment. "Packing materials and containers for shipment" means the goods used to protect a good during its transportation to the United States, and does not include the packaging materials and containers in which a good is packaged for retail sale;

(n)Producer. "Producer" means a person who engages in the production of a good in the territory of a Party;

(o)Production. "Production" means growing, mining, harvesting, fishing, raising, trapping, hunting, manufacturing, processing, assembling, or disassembling a good;

(p)Recovered goods. "Recovered goods" means materials in the form of individual parts that are the result of:

(1) The complete disassembly of used goods into individual parts; and

(2) The cleaning, inspecting, testing, or other processing of those parts as necessary for improvement to sound working condition by one or more of the following processes: welding, flame spraying, surface machining, knurling, plating, sleeving, and rewinding in order for such parts to be assembled with other parts, including other recovered parts in the production of a remanufactured good of Annex 4.18, US-CFTA;

(q)Remanufactured goods. "Remanufactured goods" means industrial goods assembled in the territory of a Party, listed in Annex 4.18, US-CFTA, that:

(1) Are entirely or partially comprised of recovered goods;

(2) Have the same life expectancy and meet the same performance standards as new goods; and

(3) Enjoy the same factory warranty as such new goods; and

(r)Self-produced material. "Self-produced material" means a material that is produced by the producer of a good and used in the production of that good; and

(s)Value. "Value" means the value of a good or material for purposes of calculating customs duties or for purposes of applying this subpart.

19 C.F.R. §10.450

CBP Dec. 05-07, 70 FR 10873 , Mar. 7, 2005, as amended by CBP Dec. 06-39, 71 FR 76133 , Dec. 20, 2006