The methods of customs value in descending order of priority are as follows: Each member of the Technical Committee shall have one vote. The decision of the Technical Committee shall be taken by a majority composed of at least two-thirds of the members present. Whatever the outcome of the vote on a particular issue, the Technical Committee is free to submit to the Committee and the COMMITTEE a full report on that issue, indicating the different views expressed during the relevant deliberations. Notwithstanding the foregoing provisions of this paragraph, the Technical Committee shall take consensual decisions on matters referred to it by a panel. If the Technical Committee does not reach agreement on the matter referred to it by a panel, the Technical Committee shall submit a report detailing the facts and setting out the views of the members. 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 shall require or require persons not established in its territory to submit to verification or access to accounts or other records 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. It is recognised that the valuation method provided for in Article 5(2) would not normally apply if the imported goods lose their identity as a result of further processing. However, there may be cases where, despite the loss of identity of the imported goods, the value added by processing can be accurately determined without unfathomable difficulties. On the other hand, there may also be cases where the imported goods retain their identity but constitute such a minor element in the goods sold in the importing country that the use of this method of valuation would not be justified. In relation to this field of vision, any such situation must be considered on a case-by-case basis.
Article 17 recognises that, in the context of the application of the Agreement, customs administrations may be obliged to request the accuracy or accuracy of declarations, documents or declarations submitted to them for the purposes of customs valuation. The Article thus recognises that investigations may be carried out for the purpose, for example, of verifying the completeness and accuracy of the value elements declared to the customs authorities or presented to the customs authorities. Subject to their national laws and procedures, Members are entitled to expect the full cooperation of importers in such investigations. The agreement aims to establish a single, fair, uniform and neutral system for the customs valuation of imported goods, to respect trading conditions and to prohibit the use of arbitrary or fictitious customs values. The Agreement recognises, by its positive conception of value, that customs valuation should, as far as possible, be based on the actual price of the goods to be valued. The full text of the agreement is available on the WTO website. .