Wto Agreement On Customs Valuation (Acv)

december 22nd, 2020

b) For the purposes of this article, the transaction value of identical goods is used to determine the customs value at a sale at the same commercial stage and in the same quantity as the goods to be assessed. If none of these sales are found, the transaction value of identical goods sold at a different commercial stage and/or at different quantities is adjusted to account for differences in trade and/or quantity, provided that these adjustments can be made on the basis of proven evidence that clearly demonstrates the relevance and accuracy of the correction, whether or not the adjustment results in an increase or impairment. 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. The agreement provides for a customs assessment system that bases customs value primarily on the transaction value of imported goods, i.e.

on the price actually paid or payable for goods when they are sold for export to the importing country, with certain adjustments. 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. 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; 4. The price actually paid or payable when determining the customs value is not increased, unless this article provides for it. The methods of decreasing tariff assessment are: (a) the customs value of imported goods, the value of goods for the purpose of recovering tariffs on imported goods; The agreement consists of four main parts, next to a preamble and three annexes. Part I contains substantive rules for the valuation of goods. Part II provides for the international administration of the agreement and the settlement of disputes. Part III provides for special and differentiated treatment of developing countries and Part IV contains the so-called final provisions on issues such as the adoption and accession of the agreement, reservations and maintenance of the agreement. (ii) the cost of containers which, together with the goods in issue, are treated as customs products; The agreement aims to establish a uniform system that is fair, uniform and neutral for the valuation of goods imported for customs purposes, that is in accordance with commercial conditions and that prohibits the use of arbitrary or fictitious customs values. The agreement recognizes, by its concept of positive value, that customs assessment should, as far as possible, be based on the actual price of the goods to be assessed.


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