The Wto Agreement On Customs Validation

The World Trade Organization (WTO) Valuation Agreement ensures that custom valuation measures are handled accurately and uniformly. This agreement will have an effect on a uniform application of these values and that there will be price adjustments if they are required.

The following questions have been addressed in this article:

What are the practical benefits of this Agreement?
Who bears the burden of proof on the customs valuation?
What will the transition to the customs valuation agreement require?

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