Agreement On Customs

The agreements also contain a chapter on mutual assistance in customs matters, which defines the circumstances under which customs authorities can exchange information on customs violations and cases of fraud. The rules must be strictly enforced. In addition, data protection rules must be enforced and the confidentiality of the information must be preserved. (b) a system that provides for the acceptance of the highest value of two alternative values for customs purposes; 1. The main basis of customs value under this agreement is transaction value within the meaning of Article 1. Article 1 is read with Article 8, which includes adjustments to the price actually paid or payable when specific items, considered part of the customs value, are produced by the purchaser but are not included in the price actually paid or payable for imported goods. Section 8 also provides that certain considerations that can pass from buyer to seller in the form of certain goods or services and not in the form of money are included in the transaction value. Articles 2 to 7 contain methods for determining customs value when they cannot be determined in accordance with Article 1. The agreement identifies certain situations in which the transaction value of imported goods is not acceptable for customs purposes. They occur: if there are restrictions on the availability or use of the goods by the buyer (with a few exceptions); where the sale or price of the goods is subject to a condition or consideration for which no value can be determined; When part of the proceeds from subsequent use of the goods by the buyer is returned to the seller; or, with a few exceptions, if the buyer and seller are “related” (e.g. B business partners, employers, employees, civil servants or managers in the company of the other company. Existing customs cooperation agreements also provide for the possibility that customs assessment may be the system by which customs authorities assign monetary value to a good or service for import or export purposes. In general, the authorities participate in this process to protect tariff concessions, collect revenue for government authority, implement trade policies and protect public health and safety.

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