[Code of Federal Regulations]
[Title 49, Volume 5]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR583.14]

[Page 966]
 
                        TITLE 49--TRANSPORTATION
 
                            OF TRANSPORTATION
 
PART 583--AUTOMOBILE PARTS CONTENT LABELING--Table of Contents
 
Sec. 583.14  Currency conversion rate.

    For purposes of calculations of content value under this part, 
manufacturers and suppliers shall calculate exchange rates using the 
methodology set forth in this section.
    (a) Manufacturers. (1) Unless a manufacturer has had a petition 
approved by the Environmental Protection Agency under 40 CFR 600.511-
80(b)(1), for all calculations made by the manufacturer as a basis for 
the information provided on the label required by Sec. 583.5, 
manufacturers shall take the mean of the exchange rates in effect at the 
end of each quarter set by the Federal Reserve Bank of New York for 
twelve calendar quarters prior to and including the calendar quarter 
ending one year prior to the date that the manufacturer submits 
information for a carline under Sec. 583.17.
    (2) A manufacturer that has had a petition approved by the 
Environmental Protection Agency under 40 CFR 600.511-80(b)(1), which 
provides for a different method of determining exchange rates, shall use 
the same method as a basis for the information provided on the label 
required by Sec. 583.5, and shall inform the Administrator of the 
exchange rate method it is using at the time the information required by 
Sec. 583.5 is submitted.
    (b) Suppliers. For all calculations underlying the information 
provided on each certificate required by Secs. 583.10, 583.11, and 
583.12, suppliers shall take the mean of the exchange rates in effect at 
the end of each quarter set by the Federal Reserve Bank of New York for 
twelve calendar quarters prior to and including the calendar quarter 
ending one year prior to the date of such certificate.