The Form B229 is used for verifying the origin of goods under the North American Free Trade Agreement (NAFTA). It specifically applies to Canada and is used to determine the regional value content using the transaction value method.
The importer or exporter files the Form B229 NAFTA Origin Verification Questionnaire Regional Value Content - Transaction Value Method in Canada.
Q: What is Form B229?
A: Form B229 is a questionnaire used for verifying the origin of goods under the North American Free Trade Agreement (NAFTA).
Q: What is the purpose of Form B229?
A: The purpose of Form B229 is to determine the regional value content of goods and to calculate their eligibility for preferential treatment under NAFTA.
Q: What is regional value content?
A: The regional value content is a measure of how much of a product's value originates from North America, as specified by NAFTA rules of origin.
Q: What is the transaction value method?
A: The transaction value method is a method used to calculate the regional value content based on the customs value of the goods.
Q: Which country is associated with Form B229?
A: Form B229 is associated with Canada and is used for verifying the origin of goods exported from Canada under NAFTA.