Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For Division 1G of Part VIII of the Act, and these Regulations, the value of materials is to be worked out using the principles set out in the following table.
|
Item |
Materials |
Principles |
|
1 |
Materials imported into a Party by the producer of goods that are produced using the materials |
The value is the value worked out under a law of that Party that implements the World Trade Organization Agreement on the Implementation of Article VII of the General Agreement on Tariffs and Trade done at Marrakesh in 1994 |
|
2 |
Materials: (a) acquired in a Party and used or consumed in the production of the goods in the Party; and (b) not imported into a Party by the producer of the goods |
The value is the cost of acquisition and the cost of transporting the material to the producer of the goods if that cost is not included in the cost of acquisition |
|
3 |
Materials that are self‑produced |
The value is the sum of all costs incurred by the producer of the materials in producing the materials, including: (a) the producer's general expenses; and (b) an amount for profit that is the equivalent of the amount of profit that the producer would make in relation to the materials in the ordinary course of trade |
(2) For non-originating materials, the value of the materials must include the costs of the following matters, to the extent that they have not been taken into account under subregulation (1):
(a) transportation of the materials to a Party from their country of export;
(b) insurance related to transportation of the materials to a Party from their country of export;
(c) other services related to transportation of the materials to a Party from their country of export.