(1) For subsection 153ZOE(5) of the Act, goods mentioned in an item in the table in Part 2 of Schedule 1 must have a regional value content (if any) of at least the percentage mentioned in column 3 of the item.
(2) For subsection 153ZOB(2) of the Act, the regional value content of goods is worked out using the following 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 6, of the non-originating materials used in the production of the goods.
(3) Regional value content must be expressed as a percentage.