Calculation of Regional Value Content. 1. For the purposes of Article 4 (Goods Not Wholly Produced or Obtained), the formula for calculating the regional value content will be either:
Calculation of Regional Value Content. 1. The regional value content of a good, specified in Annex 3A (Product-Specific Rules), shall be calculated by using either of the following formulas:
Calculation of Regional Value Content. 1. For the purposes of Article 28, the formula for calculating ASEAN Value Content or RVC is as follows:
Calculation of Regional Value Content. 1. For the purposes of calculating the RVC of a good, the following formula shall be used: FOB - VNM RVC = X 100 % FOB
Calculation of Regional Value Content. 1. For the purposes of Article 2, if Annex 3-B requires a good to meet a regional value requirement, the formula for calculating the regional value content will be: RVC = V – VNM x 100 where: RVC is the regional value content of a good, expressed as a percentage; V is the value of the good, as provided in paragraph 2; and VNM is the value of non-originating materials, including materials of undetermined origin.
Calculation of Regional Value Content. 1. For the purposes of Article 4.4, the formula for calculating Viet Nam – Chile Value Content or RVC is as follows: FOB Price - Value of Non- Originating Materials or Goods RVC = x 100 % FOB Price
Calculation of Regional Value Content. For the purposes of calculating the RVC of a good, the following formula shall be used: RVC = [(FOB-VNM)/FOB] X 100% For the purposes of this Article:
Calculation of Regional Value Content. The regional value content of a good, specified in Annex 3A (Product-Specific Rules), shall be calculated by using either of the following formulas: Indirect/Build-Down Formula FOB – VNM RVC = _____________________ x 100 FOB or Direct/Build-Up Formula Direct Direct Labour Overhead Other RVC = VOM + Cost + Cost + Profit + Cost __________________________________________________ x 100 FOB where: RVC is the regional value content of a good, expressed as a percentage; FOB is the FOB value as defined in subparagraph (e) of Article 3.1 (Definitions); VOM is the value of originating materials, parts, or produce acquired or self-produced, and used in the production of the good; VNM is the value of non-originating materials used in the production of the good; Direct Labour Cost includes wages, remuneration, and other employee benefits; and Direct Overhead Cost is the total overhead expense. The value of goods under this Chapter shall be calculated, mutatis mutandis, in accordance with Article VII of GATT 1994 and the Customs Valuation Agreement. All costs shall be recorded and maintained in accordance with the Generally Accepted Accounting Principles applicable in the Party where the goods are produced. The value of non-originating materials shall be: for imported materials, the CIF value of the materials at the time of importation; and for materials obtained within a Party, the earliest ascertainable price paid or payable. A material of undetermined origin shall be treated as a non-originating material. The following expenses may be deducted from the value of non-originating materials or materials of undetermined origin: the costs of freight, insurance, packing, and other transport-related costs incurred in transporting the goods to the producer; duties, taxes, and customs brokerage fees, other than duties that are waived, refunded, or otherwise recovered; and costs of waste and spillage, less the value of any renewable scrap or by-products. Where the expenses listed in subparagraphs (a) through (c) are unknown or evidence is not available, then no deduction is allowed for those expenses.
Calculation of Regional Value Content. 1. For the purposes of Article 5 (Not Wholly Obtained or Produced Goods), the formula for calculating RVC is as follows:
Calculation of Regional Value Content. For the purposes of Article 4 (Goods Not Wholly Produced or Obtained), the formula for calculating the regional value content will be either: Direct Formula or Indirect/Build-Down Formula where: AANZFTA Material Cost is the value of originating materials, parts or produce that are acquired or self-produced by the producer in the production of the good; Labour Cost includes wages, remuneration and other employee benefits; Overhead Cost is the total overhead expense; Other Costs are the costs incurred in placing the good in the ship or other means of transport for export including, but not limited to, domestic transport costs, storage and warehousing, port handling, brokerage fees and service charges; FOB is the free-on-board value of the goods as defined in Article 1 (Definitions); and Value of Non-Originating Materials is the CIF value at the time of importation or the earliest ascertained price paid for all non-originating materials, parts or produce that are acquired by the producer in the production of the good. Non-originating materials include materials of undetermined origin but do not include a material that is self-produced. The value of goods under this Chapter shall be determined in accordance with Article VII of GATT 1994 and the Agreement on Customs Valuation.
