Commentary

V17.164 Residual method of valuation

Part V17 Customs duties

V17.164 Residual method of valuation

V17.164 Residual method of valuation

Where the customs value of imported goods cannot be determined under any of the provisions already mentioned1, it is to be determined, on the basis of data available in the UK, using reasonable means consistent with the principles and general provisions of:

  1.  

    •     the agreement on implementation of the General Agreement on Tariffs and Trade (1994),2 art VII

  2.  

    •     the General Agreement on Tariffs and Trade (1994), art VII

  3.  

    •     the provisions of UK customs law3 relating to the value of goods for customs purposes4

No customs value is, however, to be determined under the above

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