Customs (Australia–US Free Trade Agreement) Regulations 2004
3.1Build‑down method
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3.1 Build‑down method
(1) For the purposes of subsection 153YD(7) of the Act, the regional value content of goods under the build‑down method is worked out using the formula: Image unavailable in extracted text 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 4, of the non‑originating materials that are acquired by the producer and are used by the producer in the production of the goods, other than non‑originating materials produced by the producer.
(2) Regional value content must be expressed as a percentage.