Customs Valuation Agreement Pdf

The evaluation methods mentioned above should be used in hierarchical order. In cases where it is not possible to determine the transaction value of the imported goods, the Agreement provides for alternative methods of valuation. The first alternative is to determine the customs value on the basis of the transaction value of identical products sold for export to the same country. Where the goods are not identical, the customs authorities shall use the transaction value of similar goods sold for export to the same country. If identical or similar goods are not sold for export to the same country, the value of identical or similar goods may be used when selling in the country of importation. A calculated value can also be used; The agreement describes how to calculate this value. In the event of failure, the customs authorities shall use „appropriate means in accordance with the principles and general provisions of this Agreement“ to determine the value of the imported goods. The agreement aims to establish a uniform, equitable, uniform and neutral system for the valuation of goods imported for customs purposes, to respect trading conditions and to prohibit the use of arbitrary or fictitious customs values. The Agreement recognises, by its positive concept of value, that the determination of the customs value should, as far as possible, be based on the actual price of the goods to be valued. The agreement takes precedence over the fact that the customs legislation of each WTO member country provided for the right of importers without penalty, first to the country`s customs administration or an independent body, and then to a judicial authority. All laws, regulations, court decisions and administrative decisions that come into force are published.

The agreement allows the laws of importing countries to include or exclude the determination of customs value: the agreement identifies certain situations in which the transaction value of imported goods is not acceptable for customs purposes.