Calculation of qualifying value content.

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....f qualifying value content. - For the purposes of calculating the qualifying value content of goods, one or the other of the following formulas shall be applied,- (a) Q.V.C.= F.O.B-V.N.M x 100 F.O.B (b) Q.V.C = (V.O.M + Direct Labour Cost + Direct Overhead Cost + Profit) x 100 F.O.B Explanation 1.- For the purpose of calculating the qualifying value content of a good, the Generally Accepted....

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....riginating material, the agreement on customs valuation shall apply mutatis mutandis to domestic transactions or to the cases where there is no domestic transaction of the good or non-originating material. (b) Q.V.C. is the qualifying value content of a good, expressed as a percentage; (c) V.N.M. is the value of non-originating materials used in the production of a good ; (d) V.O.M. is the valu....