Fungible Goods & MaterialsFungible Goods and Materials
Fungible Goods and Materials
Free Trade Agreements allow treating “fungible goods or materials” as originating where some goods are free trade agreement eligible but others are not.
A fungible good may be considered originating if the importer, exporter, or producer has either physically segregated (originating from the non-originating) the fungible good or material or used an inventory management system to segregate what is recognized in the Generally Accepted Accounting Principles.
Free Trade Agreements allow treating “fungible goods or materials” as originating where some goods are free trade agreement eligible but others are not.
A fungible good may be considered originating if the importer, exporter, or producer has either physically segregated (originating from the non-originating) the fungible good or material or used an inventory management system to segregate what is recognized in the Generally Accepted Accounting Principles.