Encyclopedia

Value Added


added value - the difference between the price of goods under ex-factory conditions and the cost of imported raw materials and materials used in their production;

Source: Agreement between the Government of the Russian Federation, the Government of the Republic of Belarus and the Government of the Republic of Kazakhstan dated 25.01.2008 "On Uniform Rules for Determining the Country of Origin of Goods"

"added value" - the share of the value of declared goods expressed as a percentage, determined by the difference between the cost of the declared product and the cost of imported raw materials and materials used in its production;

Source: Decision of the Council of Heads of Government of the CIS dated 30.11.2000 (with amendments from 18.11.2010) "On the Rules for Determining the Country of Origin of Goods"

Laws with commentary

Codes and federal laws