Any information that is confidential in nature or that is made available confidentially for the purposes of customs valuation will be kept strictly confidential by the relevant authorities, who may not disclose it without the express permission of the person or government providing such information, unless it is to be disclosed in the course of legal proceedings. The WTO Agreement on Implementation of Article VII of the GATT 1994 or the so-called Assessment Agreements are part of the Uruguay Round. The agreement contains the rules for determining the value of goods for the determination of customs duties and taxes in force at the time of importation of the goods. According to the valuation agreement, transaction value is the main method of value, i.e. value based on the actual price paid or payable for the goods. 2. No Member may require or compel a person who is not resident in its territory to submit an account or other documents for examination or to allow access to them in order to determine a calculated value. However, the information provided by the manufacturer of the goods for the purpose of determining the customs value in accordance with this Article may be verified by the authorities of the importing country with the consent of the producer of another country, provided that they inform the government of the country concerned in good time in advance and that the latter has not objected to the investigation. The agreement provides for a customs valuation system based primarily on the transaction value of the imported goods, which is the price actually paid or payable for the goods when they are sold for export to the importing country, with certain adjustments.
Recognizing that customs valuation should be based on simple and fair criteria consistent with commercial practices and that valuation procedures should have general application, without distinction between sources of supply; The Committee on Customs Valuation of the Council for Trade in Goods (CGT) is conducting work on customs valuation in the WTO as part of a series of trade facilitation measures. The current presidency is. In addition to a preamble and three annexes, the agreement consists of four main parts. Part I contains substantive rules for customs valuation. Part II provides for the international administration of the Convention and the settlement of disputes. Part III provides for special and differential treatment for developing countries, and Part IV contains the so-called final provisions dealing with issues such as the adoption and accession of the agreement, reservations and the maintenance of the agreement. .