customs valuation

Part I sets out substantive rules of customs valuation.

For customs valuation purposes, no distinction is made between normalised or specific software.

When this happens you must consider the customs valuation and customs duty implications.

The primary basis for customs valuation under the Agreement is "transaction value" as defined in Article 1.

The methods of customs valuation, in descending order of precedence, are:

Developing countries are seeking solutions to help meet their obligations to respect intellectual property rights and upgrade customs valuation methods and investment policies.

Customs Valuation is the process where customs authorities assign a monetary value to a good or service for the purposes of import or export.

The Agreement is administered by the WTO Committee on Customs Valuation, which holds two formal meetings a year.

Details of the concessions offered to the developing countries today were sketchy, but appeared to include wording changes in existing agreements covering trade subsidies and customs valuation, delegates said.

Valuation: importing computer software Impact of VAT provisions on customs valuation of imported computer software.

Valuation For customs valuation purposes for currencies other than sterling, Box 22 (currency and total amount invoiced) of the SAD will continue to be used.

On 28 June 2011 ICAZ hosted a one-day tax conference in Harare with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms.

Both UK tax law and EC customs law require prices within a MNE to be set, for corporation tax and customs valuation purposes respectively, as if group members are not related.

Custom duties, and the need for customs valuation, have existed for thousands of years among different cultures, with evidence of their use in the Roman Empire, the Han Dynasty and the Indian sub-continent.

At present he is serving in Dhaka as the Commissioner of the Customs Valuation and Internal Audit Commissionerate under National Board of Revenue ( NBR ) of Ministry of Finance.

The WCO maintains the international Harmonized System (HS) goods nomenclature, and administers the technical aspects of the World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin.

Beginning near the end of the 20th century, the procedures used throughout most of the world for customs valuation were codified in the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (GATT) 1994.

The Agreement also established a Technical Committee on Customs Valuation, which operates under the auspices of the World Customs Organization (WCO), with a view to ensuring, at the technical level, uniformity in interpretation and application of the Agreement.

The Agreement on Customs Valuation, formally known as the Agreement on Implementation of Article VII of GATT, prescribes methods of customs valuation that Members are to follow.