What do the terms (settlements) mean under Article 8 of the Convention and what are their types and conditions?

What do the terms (settlements) mean under Article 8 of the Convention and what are their types and conditions?

First: Types of adjustments Adjustments are those elements that are added to the value and are not included in the price actually paid or payable According to Article (8) of the Agreement, the settlements are divided Optional adjustments: – The adjustments in paragraph 8.2, which mean the adjustments by which States have the freedom to provide in their legislation the addition or exclusion of certain elements to the customs value (ie, insurance, unloading, handling). In accordance with Egyptian legislation, The value to be recognized as a value for customs purposes is the value DEQ, which must include handling, insurance and discharge o Compulsory settlements § Commission and brokerage except purchase commission § Cost of containers and containers § Cost of packing (in terms of cost of materials and labor cost) o Assistance   

Means contributions from the goods and services provided by the importer to the producer for use in the production of imported goods § Materials, components and parts § Tools, tools and molds § Materials consumed in the production process § Engineering, development, artwork, drawings and designs produced outside the country of import § Returns and license fees relating to the goods being valued and which must be paid by the importer and are required to be a condition of the sale and that these returns are not included in the price actually paid

§ The part due to the supplier as a result of the resale in the country of import, if there is a requirement from the supplier to the importer for the supplier’s entitlement to part of the resale proceeds Second: Conditions of adding adjustments to the price actually paid or payable That the addition to the price actually paid or payable is made only on the basis of accurate and objective quantitative and objective data

That the addition to the price actually paid or payable shall not be added except as required by Article 8 of the Convention Third: Conditions of adding aid to the price actually paid or payable Such assistance shall be included in the price actually paid or payable The importer has provided this assistance to the supplier without value or reduced value That such assistance should be used in the production of the imported commodity under evaluation That such assistance has specific quantitative and objective data Be provided by the buyer to the seller directly or indirectly

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