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3

out, as compared with the standard dollar of Canada, is at the rate of.........
(dollars-cents)
...........................
(unit of currency of invoice.)
per........................

NOTE.─The currency referred to in this certificate is that of the country from which the goods are exported to Canada and in which the home consumption value is shown on the invoice. 

This certificate is not required in the following instances, viz:─

(1) In respect of invoices of goods imported from a country where the currency is not regarded by the Department as substantially depreciated, in which case the present authorized certificate of the exporter showing the relative value in standard currency of paper currency of the invoice is to be accepted, subject to the usual verification by the Collector at the port of entry.

(2) Where the depreciation or appreciation of the currency of invoice as compared with the currency of Canada is less than one per cent.  In respect of such invoices the Collector will accept entry as at present and compute the value for duty purposes in accordance with the governing rate of exchange as shown by Appraiser's Bulletins.

All invoices of goods imported from a country where the currency is regarded as substantially depreciated shall bear thereon this currency certificate, and, until further ordered this instruction will apply to invoice of goods imported from Germany, Austria, Hungary, Jugo-Slavia, Russia and Czecho-Slovakia.

This latter instruction is also to apply to invoice of goods imported from a country where the currency has no fixed standard value.

Goods certified for entry under the British Preferential Tariff shall be invoiced separately from other goods.

See specimen forms of Invoices and Certificates in Appendix.

Valuation for Duty──Under the Customs Act

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Sec. 40. Whenever any duty ad valorem is imposed on any goods imported into Canada, the value for duty shall be the fair market value thereof, when sold for home consumption, in the principal markets of the country whence and at the time when the same were exported directly to Canada.

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"(2) In the case of importations of goods the manufacture or produce of a foreign country, the currency of which is substantially depreciated, the value for duty shall not be less than the value that would be placed on similar goods manufactured or produced in the United Kingdom and imported from that country, if such similar goods are made or produced there.  If similar goods are not made or produced in the United Kingdom, the value for duty shall not be less than the value of similar goods made or produced in any European country the currency of which is not substantially depreciated.

The Minister may determine the value of such goods, and the value so determined shall, until otherwise provided, be the value upon which the duty on such goods shall be computed and levied under the regulations prescribed by the Minister."

Sec. 41. Such market value shall be the fair market value of such goods, in the usual and ordinary commercial acceptation of the term, and as sold in the ordinary course of trade: Provided that a discount for cash, for duty purposes,