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Value for Duty
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(1) Customs. The price in Canadian currency on
which the appropriate rate of customs duty is applicable for goods imported
into Canada. See also duty-paid value. (2) Customs Act. The value of the
article as it would be determined for the purpose of calculating an ad
valorem duty upon the importation of such article into Canada under the
laws relating to the customs and the customs tariff, whether such article
is in fact subject to ad valorem or other duty or not. (23/06/94) (valeur
imposable)
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- Verification of Time for Acceptability
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An examination of the contractor's records to:
determine the actual time charged for carrying out the work in accordance
with the terms of the contract; ensure that the amount of time thus determined
was required in the performance of the work under the contract; and ascertain
that the time charged reflects the performance of the work under the contract
in an efficient and economical manner. (23/06/94) (contrôle du temps
en vue de l'acceptation) |
- Verification of Time for Accuracy of Recording
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- An examination of the contractor's records to:
determine that time taken has been recorded in a manner consistent with
the contractor's cost accounting system; and ensure that the time charged
to the contract is only that of the employees who normally charge their
time directly to contracts under the contractor's cost accounting system
and as reflected in the contractor's determination of the agreed rate.
(23/06/94) (contrôle du temps en vue de la vérification de
l'exactitude de l'enregistrement)
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