Document ID: chunk:federal_register_of_legislation:F2019L01649:reg:7
Version: federal_register_of_legislation:F2019L01649
Segment Type: reg
Provision Reference: reg 7
Character Range: 5572–6246

7  Indirect/build‑down method
 (1) For the purposes of subsection 153ZLN(6) of the Act, the qualifying 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 that are acquired by the producer and are used by the producer in the production of the goods, other than non‑originating materials produced by the producer.
 (2) Qualifying value content must be expressed as a percentage.

Part 4—Determination of value