Article 1 Of The Wto Valuation Agreement

Any enterprise involved in international trade may benefit from the fair and predictable rules of this Agreement for the valuation of goods for customs purposes. (Rules on customs value – Corrections (inclusions and exclusions) of the transaction value referred to in Article 1) In cases where it is not possible to determine the transaction value of the imported goods, the Agreement provides for alternative methods of valuation. The first alternative is to determine the customs value on the basis of the transaction value of identical products sold for export to the same country. Where the goods are not identical, the customs authorities shall use the transaction value of similar goods sold for export to the same country.