Qualifying Value Content. 1. For the purposes of calculating the qualifying value content (QVC) of a good, the following formula shall be applied: FOB – VNM QVC = x 100 FOB where: QVC: is the qualifying value content of a good, expressed as a percentage; FOB: is, except as provided for in paragraph 2, the free- on-board value of a good payable by the buyer of the good to the seller of the good, regardless of the mode of shipment, not including any internal excise taxes reduced, exempted, or repaid
Qualifying Value Content. 1. For the purposes of subparagraph 1(c) of Article 29, the qualifying value content of a good shall be calculated on the basis of one or the other of the following methods:
(a) Method based on value of non-originating materials (“Build-down method”)
(b) Method based on value of originating materials (“Build-up method”) Where: QVC is the qualifying value content of the good, expressed as a percentage; TV is the transaction value of the good adjusted to F.O.B. basis, except as provided for in paragraph 2; VNM is the value of non-originating materials used by the producer in the production of the good determined pursuant to Article 31; and VOM is the value of originating materials used by the producer in the production of the good determined pursuant to Article 31.
2. In the event that there is no transaction value or the transaction value of the good is unacceptable under Article 1 of the Agreement on Customs Valuation, the value of the good shall be determined in accordance with Articles 2 through 7 of the Agreement on Customs Valuation.
Qualifying Value Content. 1. For the purposes of Annex 2 (Product Specific Rules), Qualifying Value Content (“QVC”) of a good shall be calculated as follows: QVC = FOB – VNM X 100 where: QVC is the qualifying value content of a good, expressed as a percentage. VNM is the value of the non-originating materials. The VNM shall be:
(a) the CIF value at the time of importation of the materials; or
(b) the earliest ascertained price paid or payable for non-originating materials, including materials of undetermined origin in the territory of the Party where the working or processing takes place. When, in the territory of a Party, the producer of a good acquires non- originating materials within that Party, the value of such materials shall not include freight, insurance, packing costs and any other costs incidental to the transport of those materials from the location of the supplier to the location of production.
2. The value of the goods under this Chapter shall be determined in accordance with the Customs Valuation Agreement.
Qualifying Value Content. 1. For the purposes of calculating the qualifying value content (QVC) of a good, the following formula shall be applied: QVC = x 100 FOB where: QVC: is the qualifying value content of a good, expressed as a percentage; FOB: is, except as provided for in paragraph 2, the free- on-board value of a good payable by the buyer of the good to the seller of the good, regardless of the mode of shipment, not including any internal excise taxes reduced, exempted, or repaid when the good is exported; and VNM: is the value of the non-originating materials used in the production of a good.
2. FOB referred to in paragraph 1 shall be:
(a) substituted with the first ascertainable price paid for a good from the buyer to the producer of the good, if there is free-on-board value of the good, but it is unknown and cannot be ascertained; or
(b) the value determined in accordance with Articles 1 through 8 of the Agreement on Customs Valuation, if there is no free-on-board value of a good.
3. For the purposes of paragraph 1, the value of the non- originating materials used in the production of a good in a Party shall be:
(a) in the case of a material imported directly by the producer of a good: the CIF value; or
(b) in the case of a material acquired by the producer in the Party:
(i) the CIF value; or
(ii) the transaction value, but may exclude all the costs incurred in the Party in transporting the material from the warehouse of the supplier of the material to the place where the producer is located such as freight, insurance and packing as well as any other known and ascertainable cost incurred in the Party in such transportation.
Qualifying Value Content. For the purposes of Article 4.2(c), the qualifying value content of a good shall be calculated as follows: FOB - VNM QVC = 100 where: QVC - is the qualifying value of a good content expressed as a percentage; FOB - is the Free On Board value of the final good; and VNM - is the CIF value of the non-originating materials at the time of importation or the earliest ascertained price paid or payable in the Party where the production takes place for all non-originating materials, parts or produce that are acquired by the producer in the production of the good. When the producer of a good acquires non-originating materials within that Party the value of such materials shall not include freight, insurance, packing costs and any other costs incurred in transporting the material from the supplier’s warehouse to the producer’s location.
Qualifying Value Content. 1. For the purposes of subparagraph (c) of Article 3.2, the qualifying value content of a good shall be calculated on the basis of one or the other of the following methods:
(a) Method based on value of non-originating materials (“Build-down method”) Q.V.C. = F.O.B. – V.N.M. x 100 F.O.B.
(b) Method based on value of originating materials (“Build-up method”) Q.V.C. = V.O.M. + Direct Labor Cost + Direct Overhead Cost + Profit x 100 Where:
Qualifying Value Content. 1. For the purpose of Article 3.3, the following formula for qualifying value content shall be applied: where:
(a) F.O.B. is the Free-On-Board value, which refers to the value of a good payable by the buyer to the seller, regardless of the mode of shipment, not including any internal excise taxes, reduced, exempted, or repaid when the good is exported; and
(b) N.Q.M. is the non-qualifying value of materials used by the producer in the production of the good, calculated in accordance with paragraph 2.
2. For the purpose of calculating the non-qualifying value of materials pursuant to paragraph 2(b), the following formula shall be applied: N.Q.M. = T.V.M. – Q.V.M. where:
(a) T.V.M. is the total value of materials; and
(b) Q.V.M. is the qualifying value of materials, which is the value of the materials that can be attributed to one or both the Parties.
3. For the purpose of paragraph 2:
(a) The qualifying value of materials shall be:
(i) the total value of the material if the material satisfies the requirements of paragraph 3(b); or
(ii) the value of the material that can be attributed to one or both of the Parties if the material does not satisfy the requirements of paragraph 3(b); and
(b) For the purposes of paragraph 3(a), a material shall be considered to have satisfied the requirements of this paragraph if:
(i) the content of the value of the material that can be attributed to one or both of the Parties is not less than 35% of the total value of the material; and
(ii) the material has undergone its last production or operation in the territory of either Party.
4. The value of a material used in the production of a good in the territory of a Party shall be the C.I.F. value and shall be determined in accordance with the Agreement on Customs Valuation, or if this is not known and cannot be ascertained, the first ascertainable price paid for the material in the Party.
Qualifying Value Content. 1. For the purpose of paragraph 2 of Article 3.5 (Not Wholly Obtained or Produced Goods), the following formula for qualifying value content shall be applied: QVC = FOB -VNM FOB X 100 Where: (a) "QVC" is the qualifying value content of the good, expressed as a percentage; (b) "FOB" is the Free On Board value of the particular good determined in accordance with the Customs Valuation Agreement; and (c) "VNM" is the value of non-originating materials used by the producer in the production of the good, calculated in accordance with paragraph 2 below.
Qualifying Value Content. 1. For the purpose of paragraph 2 of Article 3.5 (Not Wholly Obtained or Produced Goods), the following formula for qualifying value content shall be applied: QVC = FOB - VNM X 100 FOB Where:
Qualifying Value Content. 1. For the purposes of subparagraph (c) of Article 3.2, the qualifying value content of a good shall be calculated on the basis of one or the other of the following methods:
(a) Method based on value of non-originating materials (“Build-down method”) Q.V.C. = F.O.B. – V.N.M. x 100
