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CUSTOMS VALUATION
AGREEMENT
SHAFIQ SHAHZAD
Specific and ad valorem 2
customs duties
Customs duties can be either specific or ad valorem or mix of
the two.
For a specific duty, a concrete sum is charged for a
quantitative description of the good, i.e. USD 1 per unit.
Customs value of the good need not be determined, as the
duty is not based on the value of the good but on other
criteria.
In this case, no rules on customs valuation are needed and
the Valuation Agreement does not apply.
In contrast, an ad valorem duty depends on the value of a
good.
Hence, need for a Valuation agreement
Market Access
(Goods)
Extent to which a good can compete with locally-
made products in another market:
Tariffs and non-tariff measures
3
Purpose of the Agreement
4
Conditions to be fulfilled:
• evidence of sale
• no restriction on the disposition or use
• not subject to additional conditions
• buyer and seller not related, related parties (Art.15)
Doubts as to the truth or
accuracy of the declared
value (Art.17)
Committee decision
2: Transaction value of identical goods 8
Exceptions
identicalgoods produced by a different
producer (in the same country)
minor differences
3: Transaction value of similar goods 9
other expenses
• transport (to place of importation)
• loading, unloading and handling charges
• cost of insurance
6: Fall-back method
12
Reasonable means consistent with Article
VII of the GATT (available data)