Rule 14 - Fungible Goods - Customs Tariff (Determination of Origin of Goods under the India-Australia Economic Cooperation and Trade Agreement) Rules, 2022

14. Fungible Goods. - (1) Fungible goods or materials shall be treated as originating based on the,- (a) physical separation of the good or material; or (b) use of any inventory management method recognised in the Generally Accepted Accounting Principles of the Party where the production is performed, if originating and non-originating fungible goods or materials are commingled: Provided that the inventory management method selected is used throughout the fiscal year of the person that selected the inventory management method. (2) An inventory management system under clause (a) of sub-rule (1) must ensure that no more goods or materials receive originating status than would have been the case if the fungible goods or materials had been physically segregated.