Customs Valuation Code
E82273
The Customs Valuation Code is an international agreement that standardized how countries determine the customs value of imported goods, aiming to make global trade more transparent and fair.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
World Trade Organization agreement
→
international trade agreement → multilateral treaty → |
| administeredBy | World Trade Organization → |
| aimsTo |
enhance transparency in customs valuation
→
prevent arbitrary or fictitious customs values → promote fairness in international trade → standardize customs valuation of imported goods → |
| appliesTo |
WTO member states
→
imported goods → |
| basedOn | Article VII of the General Agreement on Tariffs and Trade → |
| coreConcept | customs value should be based on actual price paid or payable → |
| covers |
treatment of assists in customs value
→
treatment of commissions and brokerage in customs value → treatment of royalties and licence fees in customs value → treatment of transport and insurance costs in customs value → |
| defines | rules for determining customs value → |
| enteredIntoForce | 1995 → |
| enteredIntoForceWith | Marrakesh Agreement Establishing the World Trade Organization → |
| establishes | hierarchy of valuation methods → |
| hasOfficialName |
Agreement on Implementation of Article VII of GATT 1994
→
surface form: "Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994"
|
| implementedThrough | national customs legislation → |
| influenced | World Customs Organization valuation guidelines → |
| language |
English
→
French → Spanish → |
| legalNature | binding on WTO members → |
| monitoredBy |
Committee on Customs Valuation
→
surface form: "WTO Committee on Customs Valuation"
|
| objective |
ensure uniform interpretation of customs valuation rules
→
facilitate international trade → |
| partOf |
Uruguay Round (1986–1994)
→
surface form: "Uruguay Round Agreements"
|
| predecessor |
Tokyo Round of Multilateral Trade Negotiations
→
surface form: "Tokyo Round Agreement on Customs Valuation"
|
| primaryMethod | transaction value method → |
| prohibits |
use of arbitrary customs values
→
use of minimum customs values → |
| providesFor |
special and differential treatment for developing countries
→
technical assistance to developing countries → |
| relatedTo |
General Agreement on Tariffs and Trade
→
surface form: "General Agreement on Tariffs and Trade 1994"
|
| replaced | earlier national systems based on arbitrary values → |
| requires | objective and quantifiable data for valuation adjustments → |
| secondaryMethod |
computed value method
→
deductive value method → fallback method → transaction value of identical goods → transaction value of similar goods → |
| shortName |
Customs Valuation Agreement
→
Customs Valuation Agreement →
surface form: "WTO Customs Valuation Agreement"
|
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.