Regional Content Value Sample Clauses

Regional Content Value. 1. The regional value content of the goods shall be calculated according to the following formula: VCR = VT - VMN / VT x 100 where: RCV is the regional content value, expressed as a percentage; VT is the transaction value of the good adjusted on an FOB basis, except as provided in paragraph 3. Where no such value exists or cannot be determined in accordance with the principles of Article 1 of the Customs Valuation Agreement, it shall be calculated in accordance with that agreement; and If such a value does not exist or cannot be determined in accordance with the principles of Article 1 of the Customs Valuation Agreement, it shall be calculated in accordance with that Agreement. 2. For purposes of calculating the regional content value, the percentage shall be forty percent (40%) for Ecuador and fifty percent (50%) for Chile. 3. When a good is not exported directly by its producer, the value shall be adjusted to the point at which the buyer receives the good within the territory of the Party where the producer is located. 4. All records of costs considered for the calculation of regional value content shall be recorded and maintained in accordance with Generally Accepted Accounting Principles applicable in the territory of the Party where the good is produced. 5. Where the producer of a good acquires a non-originating material within the territory of a Party where it is located, the value of the non-originating material shall not include freight, insurance, packing costs, and all other costs incurred in transporting the material from the supplier's warehouse to the producer's location. 6. For purposes of calculating regional value content, the value of non-originating materials used by the producer in the production of a good shall not include the value of non-originating materials used by: (a) another producer in the production of an originating material that is acquired and used by the producer of the good in the production of that good; or, (b) the producer of the goods in the production of a self-produced originating material.
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Regional Content Value. 1. When a good is required to meet a regional value content requirement to determine whether such good is originating, the calculation shall be based on the following method: VCR = VT- VMN/VT x 100 where: VCR: is the regional value content of the merchandise, expressed as a percentage; VT: is the transaction value of a good on an FOB basis, adjusted in accordance with the provisions of Articles 1 to 8, 15 and their corresponding interpretative notes of the Customs Valuation Agreement; VMN: is the value of all non-originating materials used by the producer in the production of the good. 2. For the purposes of paragraph 1, when the exporter is different from the producer, the latter may consider in the transaction value the costs of freight, insurance, packaging and all other costs incurred in transportation to the point where the exporter receives the goods within the territory where the producer is located. 3. To calculate the regional value content of a good classified in heading 87.01 through 87.07, the producer may average the calculation over its fiscal year or period, using any of the following categories, either on the basis of all motor vehicles in that category, or on the basis of only motor vehicles in that category that are exported to the territory of the other Party: a) the same model line of the same class of motor vehicles, produced in the same plant in the territory of a Party; b) the same class of motor vehicles, produced in the same plant in the territory of a Party; or c) the same model line of motor vehicles produced in the territory of a Party.
Regional Content Value. 1. The regional value content (hereinafter RVC) of a good shall be calculated on the basis of the following method: RCV = FOB - VMN / FOB x 100 where: RCV: is the regional content value, expressed as a percentage; FOB: is the free on board value of the goods, in accordance with the Article 3.35; and VMN: is the value of non-originating materials. 2. The value of non-originating materials shall be: (a) the CIF value at the time of importation of the material; or (b) the first determinable price paid or payable for the non-originating materials, in the territory of the Party where the process was carried out, or transformation. 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 all other costs incurred in transporting the material from the supplier's warehouse to the place where the producer is located. 3. The values referred to above shall be determined in accordance with the WTO Customs Valuation Agreement.
Regional Content Value. 1. Each Party shall provide that the regional value content of a good shall be calculated, at the option of the exporter or producer of the good, in accordance with the transaction value method set out in paragraph 2 or the net cost method set out in paragraph 4. 2. To calculate the regional value content of a good based on the transaction value method, the following formula shall be applied: where: VCR= VT - VMN VT 100 RCA: regional content value expressed as a percentage; VT: transaction value of a good adjusted on a F.O.B. basis, except as provided in paragraph 3; and The value of non-originating materials used by the producer in the production of the good, determined in accordance with the provisions of Article 4.5. 3. For the purposes of paragraph 2, where the producer of the good does not export the good directly, the transaction value shall be adjusted to the point at which the buyer receives the good within the territory where the producer is located. 4. To calculate the regional value content of a good based on the net cost method, the following formula shall be applied: where: RCA: regional value content expressed as a percentage. CN: net cost of goods. The value of non-originating materials used by the producer in the production of the good, determined in accordance with the provisions of Article 4.5. 5. For the purposes of paragraph 2, there shall be no transaction value when the goods are not the subject of a sale or when the circumstances set forth in Article 1.1 of the Customs Valuation Agreement are not met. In these cases, for the purposes of calculating the regional value content of a good, the producer or exporter may make such calculation based on the following: (a) the net cost method; or (b) the transaction value method. In this case, the customs value calculated in accordance with the principles of the Customs Valuation Agreement shall replace the transaction value in the formula of paragraph 2. 6. Except for goods covered by Article 4.16, a producer may average the regional value content of any or all goods falling within the same subheading that are produced in the same plant or in different plants within the territory of a Party, either on the basis of all goods produced by the producer or on the basis of only those goods that are exported to the other Party: (a) in its fiscal year or period; or (b) in any monthly, bimonthly, quarterly, quarterly, quarterly or semiannual period.

Related to Regional Content Value

  • Regional Value Content 1. Subject to Paragraphs 2 to 4 of this Article and Article 404, where Annex 4.1 requires goods to have a regional value content, the regional value content of particular goods shall be calculated as follows: x 100 where:

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  • PREVAILING WAGE RATES - PUBLIC WORKS AND BUILDING SERVICES CONTRACTS If any portion of work being Bid is subject to the prevailing wage rate provisions of the Labor Law, the following shall apply:

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  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

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