Article VII of the General Agreement on Tariffs and Trade

E326629

Article VII of the General Agreement on Tariffs and Trade is the GATT provision that establishes the fundamental rules for determining the customs value of imported goods in international trade.

All labels observed (3)

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Statements (48)

Predicate Object
instanceOf provision of international trade law
treaty article
administeredWithin World Trade Organization framework
adoptedBy contracting parties to the General Agreement on Tariffs and Trade
adoptedIn 1947
aimsTo ensure fair and uniform valuation of imported goods
prevent arbitrary or fictitious customs values
appliesTo customs administrations of GATT contracting parties
imported goods
bindingOn GATT contracting parties
World Trade Organization members through GATT 1994
cameIntoForceWith General Agreement on Tariffs and Trade 1948
category GATT rules on border measures
GATT rules on customs procedures
clarifiedBy interpretative notes to Article VII of the GATT
codifiedIn GATT 1947
GATT 1994
establishes fundamental rules for determining customs value
hasSection paragraph 1 of Article VII of the GATT
paragraph 2 of Article VII of the GATT
paragraph 3 of Article VII of the GATT
paragraph 4 of Article VII of the GATT
paragraph 5 of Article VII of the GATT
paragraph 6 of Article VII of the GATT
paragraph 7 of Article VII of the GATT
historicalPrecursorOf WTO rules on customs valuation
implementedBy Agreement on Implementation of Article VII of the GATT 1994
influenced national customs valuation legislation
language English
French
Spanish
legalDomain customs law
international trade law
objective promote transparency in customs valuation
reduce trade distortions caused by customs valuation practices
partOf General Agreement on Tariffs and Trade
principle customs value should be based on actual value of imported goods
customs value should not be based on arbitrary or fictitious values
customs value should not be based on the price of goods in domestic markets of the importing country
customs value should not be based on the value of goods of national origin
relatedInstrument Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
WTO Customs Valuation Agreement
requires publication of laws and regulations on customs valuation
valuation procedures not to be used as a means of protectionism
valuation procedures to be of general application
shortName GATT Article VII
subjectMatter customs valuation of imported goods
determination of customs value

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Customs Valuation Code basedOn Article VII of the General Agreement on Tariffs and Trade
Customs Valuation Agreement linkedTo Article VII of the General Agreement on Tariffs and Trade 1994
linked to: Article VII of the General Agreement on Tariffs and Trade
Article VII of the General Agreement on Tariffs and Trade shortName GATT Article VII
linked to: Article VII of the General Agreement on Tariffs and Trade
CVA basedOn Article VII of the General Agreement on Tariffs and Trade 1994
linked to: Article VII of the General Agreement on Tariffs and Trade