(1) For the purposes of the tariff table, the regional value content ( RVC ) is determined using the formula:

where:

"customs value" means the customs value of the goods, determined in accordance with Division 2 of Part VIII of the Act.

"value of non-originating materials" means each of the following:

(a)

the value of non-originating materials imported into Thailand by the producer of the goods and used in the production of the goods;

(b)

the value of non-originating materials imported into Thailand, and acquired by the producer of the goods in the form in which they were imported into Thailand, and used in the production of the goods;

(c)

the value of non-originating materials imported into Thailand by the producer in Thailand of other non-originating materials that are used in the production of the goods, and that are:

(i)

produced using the imported non-originating materials; and

(ii)

supplied directly to the producer of the goods;

(d) the value of non-originating materials imported into Thailand, and acquired, in the form in which they where imported into Thailand, by the producer in Thailand of other non-originating materials that are used in the production of the goods, and that are:

(i)

produced using the imported non-originating materials; and

(ii)

supplied directly to the producer of the goods.

(2) RVC is to be expressed as a percentage.