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:
(a) Direct Formula Labour Overhead + Cost + Cost FOB + Profit + Other Costs x 100% or
(b) Indirect/Build-Down Formula FOB - Value of Non- Originating Materials x 100 % where:
(a) 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;
(b) Labour Cost includes wages, remuneration and other employee benefits;
(c) Overhead Cost is the total overhead expense;
(d) 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;
(e) FOB is the free-on-board value of the goods as defined in Article 1 (Definitions); and
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:
2. The value of the good referred to in paragraph 1 shall be, for exported goods, the FOB value of the good.
3. The value of non-originating materials or materials of undetermined origin referred to in paragraph 1 shall be:
(a) for imported materials, the CIF value at the time of importation of the materials; or
(b) for materials acquired within the territory of the Party in which the good is produced the earliest ascertainable price paid or payable for the materials in the territory of the Party.
4. The value of goods under this Chapter will be determined in accordance with the Agreement on Customs Valuation.
5. Each Party shall provide that, for a non-originating material or material of undetermined origin included under paragraph 1, the following expenses may be deducted from the value of the material:
(a) the costs of freight, insurance, packing and all other costs incurred in transporting the material within or between the Parties’ territories to the location of the producer;
(b) duties, taxes and customs brokerage fees on the material paid in the territories of one or more of the Parties, other than duties and taxes that are waived, refunded, refundable or otherwise recoverable, including credit against duty or tax paid or payable;
(c) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of renewable scrap or by-product;
(d) the cost of processing incurred in the territory of one or more of the Parties in the production of the non-originating material; and
(e) the cost of originating materials used or consumed in the production of the non- originating material in the territory of one or more of the Parties.
6. If the cost or expense of a deduction listed in paragraph 5 is unknown or documentary evidence of the amount of the deduction is not available, then no deduction is allowable for that particular cost.
7. For the purposes of this Chapter, all costs shall be recorded and maintained in accordance with the generally accepted accounting principles applicable in the territory of the Party in which the good is produced or manufactured.
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:
(a) Direct Formula AANZFTA Material Cost + Labour Cost + Overhead Cost + Profit + Other Costs x 100% or
(b) Indirect/Build-Down Formula FOB - Value of Non- Originating Materials x 100% FOB where:
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:
(a) Indirect/Build-Down Formula FOB – VNM RVC = x 100 or
(b) Direct/Build-Up Formula RVC = VOM + Direct Labour Cost + Direct Overhead Cost + Profit + Other Cost x 100 where:
3.1 (Definitions);
2. 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.
3. The value of non-originating materials shall be:
(a) for imported materials, the CIF value of the materials at the time of importation; and
(b) for materials obtained within a Party, the earliest ascertainable price paid or payable.
4. A material of undetermined origin shall be treated as a non- originating material.
Calculation of Regional Value Content. 1. For the purposes of Article 28, the formula for calculating ASEAN Value Content or RVC is as follows:
(a) Direct Method ASEAN Material Cost + Direct Labour Cost + Direct Overhead Cost + Other Cost + Profit X 100% RVC = FOB Price or
Calculation of Regional Value Content. For the purposes of calculating the RVC of a good, the following formula shall be used:
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:
(a) Direct Formula AANZFTA Material Cost + Labour Cost + Overhead Cost + Profit + Other Costs x 100% FOB or
(b) Indirect/Build-Down Formula FOB - Value of Non- Originating Materials x 100 % where:
(a) 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;
(b) Labour Cost includes wages, remuneration and other employee benefits;
(c) Overhead Cost is the total overhead expense;
(d) 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;
(e) FOB is the free-on-board value of the goods as defined in Article 1 (Definitions); and
Calculation of Regional Value Content. 1. For the purposes of Article 28, the formula for calculating ASEAN Value Content or RVC is as follows:
(a) Direct Method ASEAN Material Cost + Direct Labour Cost + Direct Overhead Cost + Other Cost + Profit X 100% RVC = FOB Price or
(b) Indirect Method RVC = FOB Price – Value of Non-originating Materials, Parts of Goods x 100%
2. For the purposes of calculating the RVC provided in paragraph 1 of this Article:
(a) ASEAN Material Cost is the CIF value of originating materials, parts or goods that are acquired or self-produced by the producer in the production of the good;
(b) Value of Non-Originating Materials, Parts or Goods shall be:
(i) The CIF value at the time of importation of the goods or importation can be proven; or
(ii) The earliest ascertained price paid for the goods of undetermined origin in the territory of the Member State where the working or processing takes place;
(c) Direct labour cost shall include wages, remuneration and other employee benefits associated with the manufacturing process;
(d) The calculation of direct overhead cost shall include, but is not limited to, real property items associated with the production process (insurance, factory rent and leasing, depreciation on buildings, repair and maintenance, taxes, interests on mortgage); leasing of and interest payments for plant and equipment; factory security; insurance (plant, equipment and materials used in the manufacture of the goods); utilities (energy, electricity, water and other utilities directly attributable to the production of the goods); research, development, design and engineering; dies, moulds, tooling and the depreciation, maintenance and repair of plant and equipment; royalties or licences (in connection with patented machines or processes used in the manufacture of the goods or the right to manufacture the goods); inspection and testing of materials and the goods; storage and handling in the factory; disposal of recyclable wastes; and cost elements in computing the value of raw materials, i.e. port and clearance charges and import duties paid for dutiable component; and
(e) FOB price means the free-on-board value of the goods as defined in Article 25. FOB price shall be determined by adding the value of materials, production cost, profit and other costs.
3. Member States shall determine and adhere to only one (1) method of calculating the RVC. Member States shall be given the flexibility to change their calculation method provided that such change is notified ...
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
2. For the purposes of calculating the RVC provided in paragraph 1:
(a) Value of Non-Originating Materials or Goods shall be:
(i) The CIF value at the time of importation of the goods or Importation can be proven; or
(ii) The earliest ascertained price paid for the goods of undetermined origin in the territory of the Party where the working or processing takes place.
(b) FOB price is the FOB value of the goods. FOB price shall be determined by adding the value of materials, production cost, profit and other costs.
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:
