Record Keeping Requirement Sample Clauses
A Record Keeping Requirement clause obligates one or both parties to maintain accurate and complete records related to the agreement. Typically, this involves keeping documents such as invoices, receipts, correspondence, or other relevant materials for a specified period, and may require making these records available for inspection upon request. The core function of this clause is to ensure transparency and accountability, enabling verification of compliance with the contract and facilitating audits or dispute resolution if necessary.
Record Keeping Requirement. Each Party may require that importers maintain for up to five years after the date of importation records relating to the importation of the good, and may require that an importer provide, upon request, records which are necessary to demonstrate that a good qualifies as an originating good, as stipulated in Article 3.13.2, including records concerning:
(a) the purchase of, cost of, value of, and payment for, the good;
(b) the purchase of, cost of, value of, and payment for, all materials, including indirect materials, used in the production of the good; and
(c) the production of the good in the form in which the good is exported.
Record Keeping Requirement. 1. Each Party shall require that:
(a) its exporters, producers, issuing bodies, or competent authorities retain, for at least a period of three years from the date of issuance of the Proof of Origin, or a longer period in accordance with its relevant laws and regulations, all records necessary to prove that the good for which the Proof of Origin was issued was originating; and
(b) its importers retain, for at least a period of three years from the date of importation of the good, or a longer period in accordance with its relevant laws and regulations, all records necessary to prove that the good for which preferential tariff treatment was claimed was originating.
2. The records referred to in paragraph 1 may be maintained in any medium that allows for prompt retrieval, including in digital, electronic, optical, magnetic, or written form, in accordance with the Party’s laws and regulations.
Record Keeping Requirement. 1. Each Party shall provide that an exporter and a producer in its territory that has obtained a certificate of origin shall maintain in its territory, for five (5) years after the date on which the certificate of origin was issued 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 the other Party, including records associated with:
(a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory;
(b) the sourcing of, the purchase of, cost of, value of, and payment for, all materials, including neutral elements, used in the production of the good that is exported from its territory; and
(c) the production of the good in the form in which the good is exported from its territory.
2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for five (5) 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 of origin, as the Party may require relating to the importation of the good.
3. The records to be maintained in accordance with paragraphs 1 and 2 shall include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.
Record Keeping Requirement. A locator must keep a record of all minerals recovered during exploration operations and must pay to the state a royalty of five percent (5%) of the gross value of the minerals recovered. Payment must be made each year with the filing of the assessment work report. (2-7-91)
Record Keeping Requirement. 1. Each Party shall provide that the exporter or producer in its territory that declares a certification of origin shall maintain in its territory, for thirty (30) months after the date on which the certification of origin was signed, 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:
(a) the purchase of, cost of, value of, shipping of, and payment for, the good that is exported from its territory;
(b) the sourcing of, 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
(c) the production of the good in the form in which the good is exported from its territory.
2. Each Party shall provide that an importer claiming preferential tariff treatment for a good imported into the Party's territory shall maintain in that territory, for thirty (30) months after the date of importation of the good, such documentation, including a copy of the certification of origin, as the Party may require relating to the importation of the good.
3. The records to be maintained in accordance with paragraphs 1 and 2 of this Article may include electronic records and shall be maintained in accordance with the domestic laws and practices of each Party.
Record Keeping Requirement. Article 4.10 Cooperation in Origin Verification Article 4.11 Advance Rulings Article 4.12 Penalties Article 4.13 Review and Appeal Article 4.14 Sharing of Best Practices
Record Keeping Requirement. 1. Each Party shall require that:
(a) exporters retain, for a period not less than five years from the date of issuance of the Proof of Origin, or a longer period in accordance with its domestic laws and regulations, all supporting records necessary to prove that the goods for which the Proof of Origin was issued was originating; and
(b) The importers shall retain, for a period not less than five years from the date of importation of the goods, or a longer period in accordance with its domestic laws and regulations, all records to prove that the goods for which preferential tariff treatment was claimed was originating; and
(c) The competent authorities or issuing authorities retain, for a period not less than five years from the date of issuance of the Proof of Origin, or a longer period in accordance with its domestic laws and regulations, all supporting records of the application for the Proof of Origin.
2. The records referred to in paragraph 1 may be maintained in any medium that allows for prompt retrieval, including but not limited to, digital, electronic, optical, magnetic, or written form.
Record Keeping Requirement. The Contractor shall establish and maintain complete and accurate books, records, documents, accounts or other evidence directly pertinent to performance under this contract (the “Records”) for a period of six
Record Keeping Requirement. 1. For the purposes of the verification process pursuant to Articles 3.30 and 3.31, each Party shall require that:
(a) The exporter/producer/manufacturer/approved exporter retain, for a period not less than five years from the date of issuance of the Proof of Origin, or a longer period in accordance with its domestic laws and regulations, all supporting records necessary to prove that the good for which the Proof of Origin was issued was originating; and
(b) The importer shall retain, for a period not less than five years from the date of importation of the good, or a longer period in accordance with its domestic laws and regulations, all records to prove that the good for which preferential tariff treatment was claimed was originating; and
(c) The competent authority shall retain, for a period not less than five years from the date of issuance of the Proof of Origin, or a longer period in accordance with its domestic laws and regulations, all supporting records of the application for the Proof of Origin.
2. The records referred to in paragraph 1 may be maintained in any medium that allows for prompt retrieval, including but not limited to, digital, electronic, optical, magnetic, or written form.
Record Keeping Requirement. 1. For the purposes of the verification process pursuant to Articles 3.35 and 3.36, each Party shall require that:
(a) the manufacturer, producer or exporter retain, for a period not less than five years from the date of issuance of the proof of origin, or a longer period in accordance with its laws and regulations, all supporting records necessary to prove that the good for which the proof of origin was issued was originating;
(b) the importers shall retain, for a period not less than five years from the date of importation of the good, or a longer period in accordance with its laws and regulations, all records to prove that the good for which preferential tariff treatment was claimed was originating, and
(c) the competent authority or issuing authority retain, for a period not less than five years from the date of issuance of the proof of origin, or a longer period in accordance with its laws and regulations, all supporting records of the application for the proof of origin.
2. The records referred to in paragraph 1 may be maintained in any medium that allows for prompt retrieval, including but not limited to, digital, electronic, optical, magnetic, or written form.