3.1Regional value content requirement

3.1 Regional value content requirement

(1) For the purposes of subsection 153ZC(5) of the Act, the regional value content of goods 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 sum of the value, worked out under Part 4, of the following:

(a) non‑originating materials:
(i) imported into Thailand by the producer of the goods; and
(ii) used in the production of the goods;
(b) non‑originating materials:
(i) imported into Thailand and acquired, in the form in which they were imported, by the producer of the goods; and
(ii) used in the production of the goods;
(c) non‑originating materials imported into Thailand by a producer in Thailand of other non‑originating materials, where the other non‑originating materials:
(i) are produced using the imported non‑originating materials; and
(ii) are supplied directly to the producer of the goods; and
(iii) are used in the production of the goods;
(d) non‑originating materials imported into Thailand and acquired, in the form in which they were imported, by a producer in Thailand of other non‑originating materials, where the other non‑originating materials:
(i) are produced using the imported non‑originating materials; and
(ii) are supplied directly to the producer of the goods; and
(iii) are used in the production of the goods.

(2) Regional value content must be expressed as a percentage. (3) For the purposes of working out the regional value content of goods under subregulation (1), if: (a) the goods are classified to any of Chapters 50 to 64 of the Harmonized System; and (b) non‑originating materials produced in one or more developing countries are used in the production of the goods; the value of those non‑originating materials may be subtracted from the total value of non‑originating materials used in the production of the goods (up to an amount that is 25% of the customs value of the goods worked out under Division 2 of Part VIII of the Act). (4) Subregulation (3) ceases to have effect at the end of 31 December 2024.