Qualifying Value Content. 1. For the purposes of calculating the qualifying value content (QVC) of a good, the following formula shall be applied: FOB β 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
Appears in 5 contracts
Samples: Trade Agreement, Trade Agreement, Trade Agreement
