Considering that customs valuation should be based on simple and fair criteria consistent with commercial practices and that valuation procedures should be of general application, without distinction between sources of supply, the royalties referred to in Article 8(l)(c) may include, inter alia, payments relating to patents, trademarks and copyrights. However, duties relating to the right to reproduce goods imported into the country of importation shall not be added to the price actually paid or payable for the imported goods when determining the customs value. It should be noted that the `profits and overheads` referred to in Article 5(1) are taken into account as a whole. .
Sep
10
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