TaxTMI 
TaxTMI 
What is the meaning of 35% RVC or Wholly obtained or Produced. Please enlighten.
35% RVC meaning
18 Aug 2016 
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Regional value content requirement determines preferential origin eligibility for goods under trade agreements for GSP claims.
Regional Value Content (RVC) and the category of goods "not wholly obtained or produced" are origin-determination criteria under Customs Tariff rules for preferential trade agreements. Goods must meet the applicable RVC threshold or other origin tests, calculated per the origin-determination methodology in the relevant rules, and exporters must rely on implementing notifications that set product-specific thresholds and define not wholly obtained or produced goods to qualify for preferential treatment. (AI Summary)
Regional Value Content (RVC) and the category of goods "not wholly obtained or produced" are origin-determination criteria under Customs Tariff rules for preferential trade agreements. Goods must meet the applicable RVC threshold or other origin tests, calculated per the origin-determination methodology in the relevant rules, and exporters must rely on implementing notifications that set product-specific thresholds and define not wholly obtained or produced goods to qualify for preferential treatment. (AI Summary)