Customs Valuation Code definition

Customs Valuation Code means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 in Annex 1A to the WTO Agreement, as may be amended, including its interpretative notes;
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Customs Valuation Code. ’ means the Agreement on
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Customs Valuation Code means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 set out in Annex 1A of the Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations. (Code de la valeur en douane)
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Examples of Customs Valuation Code in a sentence

  • The Customs Valuation Code shall govern the customs valuation rules applied by the Parties to their reciprocal trade.

  • The Parties agree that they will not make use in their reciprocal trade of the options and reservations permitted under Article 20 and paragraphs 2, 3 and 4 of Annex III of the Customs Valuation Code.

  • For the purposes of this Chapter: (a) the basis for tariff classification is the Harmonized System; (b) the determination of transaction value of a goodor of a material shall be made in accordance with the Customs Valuation Code; and (c) all costs referred to in this Chapter shall berecorded and maintained in accordance with the Generally Accepted Accounting Principlesapplicable in the Party in which the good isproduced.

  • For the purposes of this Chapter, in applying theCustoms Valuation Code to determine the transaction value of a good or a material: (a) the principles of the Customs Valuation Codeshall apply to domestic transactions, with suchmodifications as may be required by thecircumstances, as would apply to internationaltransactions; and (b) the provisions of this Chapter shall prevail overthe Customs Valuation Code to the extent of anydifference.

  • In the event that there is no transaction value or the transaction value of the good is unacceptable under Article1 of the Customs Valuation Code, the value of the goodshall be determined in accordance with Articles 2 through 7of the Customs Valuation Code.

  • In the event that there is no transaction value or the transaction value of the good is unacceptable under Article 1 of the Customs Valuation Code, the value of the good shall be determined in accordance with Articles 2 through 7 of the Customs Valuation Code.

  • Except as provided in the annex to this article, the customs value of an imported good shall be determined in accordance with the principles of the Customs Valuation Code.

  • Pursuant to Article 13 of the Customs Valuation Code, if in the course of determining the customs value of imported goods it becomes necessary to delay the final determination of that value, the importer may remove the goods from customs if, when required to do so, he provides sufficient security in the form of a bond or, if the importer so chooses, by such other means of security as the Party's legislation may provide.

  • Customs Valuation Code: the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade, including its interpretative notes.

  • For the purposes of this definition, the seller referred to in the Customs Valuation Code shall be the producer of the good; transaction value of a material: the price actually paid or payable for a transaction-related material by the producer of the good in accordance with the principles of Article 1 of the Customs Valuation Code, adjusted in accordance with the principles of Article 8.1, 8.3 and 8.4 thereof, without regard to whether the material is sold for export.


More Definitions of Customs Valuation Code

Customs Valuation Code means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 under the Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations; direct shipment means transporting or conveying a good from one Party to the other Party on a through bill of lading to a consignee in that other Party; fungible goods or materials means goods or materials that are interchangeable for commercial purposes with other goods or materials, as the case may be, and the properties of which are essentially identical; good is wholly obtained or produced entirely in the territory of one or both of the Parties means:
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