# The Dual-Use and Related Goods (Export Control) Regulations 1995, Paragraph 123: DEFINITIONS OF TERMS IN THIS ANNEX


“Principal element” (4), as it applies in Category 4, is a “principal element” when its replacement value is more than 35% of the total value of the system of which it is an element. Element value is the price paid for the element by the manufacturer of the system, or by the system integrator. Total value is the normal international selling price to unrelated parties at the point of manufacture or consolidation of shipment.

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Source: https://www.legislation.gov.uk/uksi/1995/271/schedule/1/paragraph/123 (the official version)
Page: https://openlegislation.uk/dual-use-and-related-goods-export-control-regulations-1995/schedule-1/paragraph-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.