Common use of Net Cost Clause in Contracts

Net Cost. 1. If Annex 3-D (Product-Specific Rules of Origin) specifies a regional value content requirement to determine whether an automotive good of subheading 8407.31 through 8407.34, 8408.20, subheading 8409.91 through 8409.99, heading 87.01 through 87.09 or heading 87.11 is originating, each Party shall provide that the requirement to determine the origin of that good based on the Net Cost Method is calculated as set out under Article 3.5 (Regional Value Content). 2. For the purposes of this Article:

Appears in 2 contracts

Sources: Comprehensive and Progressive Agreement for Trans Pacific Partnership, Comprehensive and Progressive Agreement for Trans Pacific Partnership