How do I decode these codes?
206 X4A1 14:57
and 206V
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206 X4A1 14:57
and 206V
Those codes will typically indicate the production date and time of the product, not the expiration. Industry standard is to use Julian date codes.
For the information you provided:
'206' may correspond to July 25,
'V' and 'X4A1' shifts/production lines,
14:57 the finished sealed package stamping time.
Potato chips will usually be manufactured for consumption within 1 year, and longer and quality would decline due to the oils oxidizing and becoming rancid.