RVC

(3) Net cost method (A) In general An exporter or producer may calculate the regional value-content of a good on the basis of the following net cost method: rvc = nc–vnm × 100 nc (B) Definitions For purposes of subparagraph (A): (i) The term “RVC” means the regional value-content, expressed as a percentage. (ii) The term “NC” means the net cost of the good. (iii) The term “VNM” means the value of nonoriginating materials used by the producer in the production of the good.

Source

19 USC § 3332(b)(3)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter II) of this section.

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