Common use of Calculation of Regional Value Content Clause in Contracts

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. 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 RVC = FOB – VNM RVC = FOB x 100 or (b) Direct/Build-Up Formula RVC = VOM + Direct Labour Cost + Direct Overhead Cost + Profit + Other Cost FOB 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. 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.