Document ID: chunk:federal_register_of_legislation:F2021L01503:reg:7
Version: federal_register_of_legislation:F2021L01503
Segment Type: reg
Provision Reference: reg 7
Character Range: 5777–6328

7  Indirect/build‑down method
 (1) For the purposes of paragraph 153ZQE(6)(b) of the Act, the regional value content of goods under the indirect/build‑down method is worked out using the formula:
where:
customs value means the customs value of the goods worked out under Division 2 of Part VIII of the Act.
value of non‑originating materials means the value, worked out under Part 4, of the non‑originating materials used in the production of the goods.
 (2) Regional value content must be expressed as a percentage.

Part 4—Determination of value