Commonwealth Numbered Regulations

CUSTOMS (KOREAN RULES OF ORIGIN) REGULATION 2014 (SLI NO 161 OF 2014) - RULE 10

                   For subsection 153ZME(8) of the Act, if goods imported into Australia with accessories, spare parts or tools in the circumstances mentioned in that subsection are required to have a regional value content of at least the percentage mentioned in Schedule 1 to this instrument:

                     (a)  in working out the regional value content of the goods:

                              (i)  the value of accessories, spare parts or tools that are imported with the goods and are Korean originating goods must be taken into account in the value of originating materials used in the production of the goods; and

                             (ii)  the value of accessories, spare parts or tools that are imported with the goods and are not Korean originating goods must be taken into account in the value of non-originating materials used in the production of the goods; and

                     (b)  the value of the accessories, spare parts or tools must be worked out under section 9 as if the accessories, spare parts or tools were materials used in the production of the goods.