Customs Valuation definition

Customs Valuation means the Customs procedure applied to determine the Customs value of imported and export goods.
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Customs Valuation means the value of imported goods calculated by applying in order the principles set out in Part VII of this Act;
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Customs Valuation means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 in Annex 1A to the WTO Agreement;
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Examples of Customs Valuation in a sentence

  • The Parties shall apply Article VII of GATT 1994 and the Customs Valuation Agreement to goods traded between them.

  • The Customs Valuation Agreement and any successor Agreement shall govern the customs valuation rules applied by the Parties to their trade.

  • To this end, the Customs Valuation Agreement and any successor Agreement, as well as the WTO Decisions of Committee on Customs Valuation, are incorporated into and made part of this Agreement, mutatis mutandis.

  • The custom laws of the Parties shall comply with Article VII of GATT 1994 and the Customs Valuation Agreement.

  • The values referred to in this Article shall be determined in accordance with the Customs Valuation Agreement.

  • Each Party, through its customs administration or other relevant authorities, to the extent permitted by its domestic laws, regulations and administrative determinations, on the application of a person described in Paragraph 2(a), shall provide in writing advance rulings in respect of the tariff classification, questions arising from the application of the principles of the Agreement on Customs Valuation and/or origin of goods.

  • The Parties shall determine the customs value of goods traded between them in accordance with the provisions of Article VII of GATT 1994 and the Customs Valuation Agreement.

  • Each Party shall apply the provisions of the Customs Valuation Agreement for the purposes of determining the customs value of goods traded between the Parties.

  • The Parties shall determine the customs value of goods traded between them in accordance with the provisions of Article VII of GATT 1994 and the WTO Customs Valuation Agreement.

  • For the purposes of this Chapter, the FOB value of particular goods is to be determined under Articles 1 to 8, Article 15 and the corresponding interpretative notes of the WTO Customs Valuation Agreement, as adjusted to exclude any costs, charges, or expenses incurred for transportation, insurance, and related services incidental to the international shipment of the merchandise from the country of exportation to the port or place of importation.


More Definitions of Customs Valuation

Customs Valuation means the value of imported goods calculated by reference to Part VI and the Regulations;
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Related to Customs Valuation

  • customs value means the value as determined in accordance with the 1994 Agreement on implementation of Article VII of the General Agreement on Tariffs and Trade (WTO Agreement on customs valuation);

  • Customs Valuation Agreement means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 contained in Annex 1A of the WTO Agreement;

  • SPS Valuation Date means the SPS Redemption Valuation Date or the Strike Date, as applicable.

  • customs airport means any airport declared under section 9 to be a customs- airport;

  • customs area means the area of a customs station and includes any area in which imported goods or export goods are ordinarily kept before clearance by customs authorities;