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Agreement on the Implementation of Article VII of GATT 1994 (Customs Valuation Agreement)

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Abstract

The contracting parties recognise the validity of the general principles of valuation set forth in the following paragraphs of this Article, and they undertake to give effect to such principles, in respect of all products subject to duties or other charges or restrictions on importation and exportation based upon or regulated in any manner by value. Moreover, they shall upon a request by another contracting party review the operation of any of their laws or regulations relating to value for customs purposes in the light of these principles.

Keywords

  • General Agreement On Tariffs And Trade (GATT)
  • Article VII
  • Customs Valuation Code
  • Contracting Parties
  • Ofimportance

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Notes

  1. 1.

    Article 8.

  2. 2.

    Article 2.

  3. 3.

    Article 3.

  4. 4.

    Article 4.

  5. 5.

    Article 5.

  6. 6.

    Article 6 of the Agreement.

  7. 7.

    Ibid.

  8. 8.

    Columbia—Indicative Prices and Restrictions on Ports of Entry (WTO/DS366).

  9. 9.

    Thailand—Customs Valuation of Certain Products from the EU (WTO/DS370).

  10. 10.

    Article 21.

  11. 11.

    The Panel on ‘United States—Customs user Fee’ examined complaints by Canada and EC concerning the ‘merchandise processing fee’ levied by the US Customs Service. This ad-valorem charge was imposed for the processing of Commercial merchandise entering the USA, and the receipts from the fee were used to fund certain ‘commercial operation’ of the customs service. L/6264, Adopted on 2 February 1988, 35S/245, 273, para. 69.

  12. 12.

    L/4687, Adopted on 18 Oct. 1978, 27S/68, 96–97, para. 4.3–4.4.

  13. 13.

    Ibid., para. 4.15.

  14. 14.

    L/4687, Adopted on 18 Oct. 1978, 27S/68, 96–97, para. 4.3–4.4. 5.

  15. 15.

    Supra note 15, 276–279.

  16. 16.

    Ibid., para. 78–82, 84–86.

  17. 17.

    GATT, 1st supp1, BISD, 100, 104 (1953).

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Koul, A.K. (2018). Agreement on the Implementation of Article VII of GATT 1994 (Customs Valuation Agreement). In: Guide to the WTO and GATT. Springer, Singapore. https://doi.org/10.1007/978-981-13-2089-7_8

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