April 2022 — Question 67
To determine the labor value content (LVC) under United States- Mexico-Canada Agreement (USMCA) provisions, the producer may base the calculation on the following periods EXCEPT:
- AThe previous fiscal year of the producer
- BThe previous calendar year
- CThe quarter or month to date in which the vehicle is produced or imported✓ CBP's answer
- DThe producer's fiscal year to date in which the vehicle is produced or exported
- EThe calendar year to date in which the vehicle is produced or exported Category XIV – Miscellaneous
CBP's cited authority
§ 19 CFR Appendix A to Part 182 Part III Section 18
Answer and citations as published in CBP's official answer key for the April 2022 examination.
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