Section 14: Currency conversion
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
14. Currency conversion
(1) When the price comparison under sections 12 and 13 requires a conversion of currency, the Investigating Authority shall make such conversion
based on the rate of exchange on the date of sale.
(2) The date of sale shall be the date of contract, purchase order, order
confirmation, or invoice, whichever establishes the material terms of sale.
(3) Notwithstanding subsections (1) and (2), where a sale of foreign currency on forward markets is used in direct relation to an export sale, the Investigating Authority shall use the rate of exchange in the forward sale for
all the related transactions.
(4) The Investigating Authority shall not take into account fluctuations in
exchange rates, and shall allow an exporter not less than 60 days for the
export price to be adjusted to reflect sustained movements in exchange rates
during the period of investigation.
T14A – 9 [Issue 3]
Trade (Anti-Dumping and Countervailing Measures) Act