RESTRICTED
WORLD TRADE G/VAL/W/26
4May1998
ORGANIZATION(98-1779)
Original: English Committee onCustoms Valuation
LEGISLATION OFSINGAPORE1
Questions Posed bytheEuropean Communities
Thefollowingcommunication,dated1May1998,hasbeenreceivedfromthePermanentMission
ofEuropean Communities.
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AdArticle 2(5)(Application oftheInterpretative Notes totheAgreement)
Canitbeconfirmed thattheInterpretative Notes arefully applicable?
AdArticle 3(Transaction value asprimary basis ofvaluation)
Confirmation issought thatwhen animporter provides theevidence referred toinparagraph 2(i.e.,
thatthetransaction value ofthegoods being valued closely approximates tothetransaction value of
identical orsimilar goods, etc.soldforexport toSingapore), thenitisaccepted thatnoother proof
isrequired under Article 3(1)(d)(i) oftheRegulation.
AdArticle 4(Adjustment oftheprice paidorpayable)
Canitbeconfirmed thatthedeductions allowed under Section (3)aretheactual costs?
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1G/VAL/N/1/SGP/1 .