5. Transparency in the administration of Customs valuation

Transparency Measures

What do we mean by transparency?

Transparency in Customs Valuation means that the value of imported goods is determined using clear, precise, rules-based methods. The value must have a basis in fact, supported by law, regulation, or procedure, on the basis of "objective and quantifiable data." This is why the WTO system is described as a positive system of valuation. The Customs value is built by adding precise elements, each supported by documentary evidence.

Key transparency obligations under the WTO Valuation Agreement

Article	Transparency obligation
Article 9	Publish exchange rates used to convert amounts expressed in foreign currencies and identify when importation is deemed to occur.
Article 12	Publish and make available all laws, regulations, administrative directives, and other legal instruments concerning Customs valuation.
Article 16	Provide the importer with a written explanation of how a Customs value was determined, upon request.