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April 2024, question 79

Valuation, Appraisement and Duty Assessment · Rules of origin and trade programs

What are the two methods of calculating regional value content under the United States- Mexico-Canada Agreement?

  1. Transaction Value and De Minimis
  2. Transaction Value and Net Cost
  3. De Minimis and Net Cost
  4. Computed Value and Net Cost
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CBP's answer: B. B: Transaction Value and Net Cost

The USMCA rules define the two ways to work out regional value content: the transaction value method (section 7(2)) and the net cost method (section 7(3)). That is B. De minimis and computed value are not RVC methods.

Transaction value method means the method of calculating the regional value content of a good that is set out in subsection 7(2) 19 CFR 182-appendix-1
Net cost method means the method of calculating the regional value content of a good that is set out in subsection 7(3) 19 CFR 182-appendix-1

Search for: transaction value method net cost method regional value content

CBP's key cites: 19 CFR Part 182

Question and key from CBP's April 2024 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).