Wto Customs Valuation Agreement Text


2. Where the customs value cannot be determined in accordance with Article 1, there should normally be a consultation procedure between the customs administration and the importer in order to obtain a value base in accordance with Articles 2 or 3. The importer.B may have information on the customs value of identical or similar imported goods that are not immediately available to the customs administration of the import port. On the other hand, the customs administration may have information on the customs value of identical or similar imported goods that are not readily available to the importer. A consultation procedure between the two parties will allow for the exchange of information within the framework of the requirements of business secrecy, in order to establish an appropriate value base for customs purposes. Any company involved in international trade can benefit from the fair and predictable rules of this agreement for the valuation of goods for customs purposes. Clearance context of the negotiations of TF cooperation bespoke ICC customs policy (b) a system that provides for the highest values of two alternative values for customs purposes; You can search more sophisticatedly by searching for documents online (open in a new window) by setting several search criteria such as the document icon (example. B code), the search for full text or the date of the document. 3. Where, for the purposes of this article, more than one transaction value of identical goods is determined, the lowest value is used to determine the customs value of imported goods. 3. Articles 5 and 6 are two elements for determining the customs value when it cannot be determined on the basis of the transaction value of identical or similar imported goods or goods. In accordance with Article 5, paragraph 1, the customs value is determined on the basis of the price at which the goods are sold in the condition as imported into the country of import to an independent buyer.

The importer also has the right to have products that are processed after importation assessed, in accordance with Article 5, if requested by the importer. In accordance with Article 6, the customs value is calculated on the basis of the calculated value. These two methods pose some difficulties and that is why the importer has the right to choose, in accordance with Article 4, the order of application of the two methods. 2. If neither imported goods, identical or similar goods have been sold in the country of import on the condition that they are imported, the customs value is based on the unit price at which imported goods are sold in the largest total quantity of persons in the country of import who are not related to the persons they purchase. which is properly taken into account the added value of this treatment and the deductions provided for in paragraph 1, point a). 4. The price actually paid or payable when determining the customs value is not increased, unless this article provides for it. whereas customs value should be based on simple and fair criteria, consistent with business practices, and that assessment procedures indiscriminately between sources of supply should be generalised; (d) that the buyer and seller are not related to each other or if the buyer and seller are related, that the transaction value is acceptable for the customs purposes covered in paragraph 2. Oral correction of the text of Article 8.1 (b) iv) pdf 16.62 kb Browse or download them in the Gateway Legal Texts: 1. The main basis of the customs value within the meaning of Article 1 is the transaction value within the meaning of Article 1.

Article 1 must be read with Article 8, which includes corrections of the price actually paid or payable, where specific items considered to be part of the customs value are generated by the buyer, but are not included in the price actually paid or payable for imported goods.

Posted Tuesday, December 22nd, 2020 at 3:04 am
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