ORGANIZACIÓN MUNDIAL
DEL COMERCIOG/VAL/N/1/BRN/1
26 de octubre de 2001
(01-5251)
Comité de Valoración en Aduana Original:  inglés
NOTIFICACIÓN DE CONFORMIDAD CON EL ARTÍCULO 22 DEL
ACUERDO RELATIVO A LA APLICACIÓN DEL ARTÍCULO VII
DEL ACUERDO GENERAL SOBRE ARANCELES
ADUANEROS Y COMERCIO DE 1994
BRUNEI DARUSSALAM
Se ha recibido de la Misión Permanente de Brunei Darussalam la siguiente comunicación, de
fecha 15 de octubre de 2001.
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Con arreglo a lo dispuesto en el párrafo 1 del artículo 22 del Acuerdo relativo a la Aplicación
del Artículo VII del Acuerdo General sobre Aranceles Aduaneros y Comercio de 1994, tengo el honor
de presentar adjuntas las notificaciones1 de Brunei Darussalam relativas a su legislación en materia de
valoración en aduana.
                                                     
1 En inglés solamente.G/VAL/N/1/BRN/1
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PRESS RELEASE
Application of Customs Valuation WTO Code
With effect from 1 September 2001 the Department of Royal Customs and Excise Department
will officially apply the Customs Valuation Code as contained in the Customs (Valuation of Imported
Goods) Rules 2001.  In this connection several amendments have also been made to the Customs Act
(Cap. 36) as contained in the Customs (Amendmen ts) Order 2001.  The Government Gazette No. 29
dated 11 August 2001 provides detailed information for further explanation.
The application of the Customs Valuation WTO Code is a fulfilment of Brunei Darussalam's
obligation under the World Trade Organization Agreement.  At the same time the application alsoindicates that Brunei Darussalam is implementing resolutions agreed upon in other organizations such
as APEC, ASEAN and WCO.
The new Valuation Code (SPK-WTO) differs from the previous one which was based on the
open market concept and often set on arbitrary or fictitious values.  The new code is deemed to befair, neutral, transparent and easy to apply.  Based on Act VII GATT (WTO since 1.1.1995), the
valuation sets out general principles for an international valuation system.
How will the new Valuation Code (SPK-WTO) be implemented?
• Transaction value is the primary basis of determining Customs Value adjusted by the provisions
of Rule 12 such as commission, packaging cost, overseas freight, insurance, etc.
• When transaction value is not acceptable other methods for determining Customs Value will be
applied in a hierarchical manner as follows:
- Identical Goods Value – The transaction value of identical goods sold for export to Brunei
Darussalam;
- Similar Goods Value – The transaction value of similar goods sold for export to Brunei
Darussalam;
- Deductive Value – The sale price of the goods in the country deducting costs incurred after
importation;
- Computed Value – The value based on the cost of production, charges and expenses incurred
in the exporting country.
- Residual valuation – Value determined by Customs based on available information in the
country.
• When the value of the imported goods is contested, the goods can be released from Customs
control on condition that the importer provides sufficient guarantee covering the total amount of
duty assessed by Customs.  Importers have the right to appeal on the value determined byCustoms within 21 days.
This new Customs Valuation WTO Code stipulat es obligations and responsibilities of both
Customs and the importers, briefly as follows:
• It is the obligation of the importer or agent that all documents submitted to Customs must be
transparent, accurate and complete with the break down of freight, insurance and other charges.The details must be included in the invoice.G/VAL/N/1/BRN/1
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• The importer is required to fill and complete Customs Valuation Form 1 (CV1) for every
transaction of dutiable goods with the total value of B$ 10,000.00 and above.
• The importer is responsible to maintain all business records including all documentation
pertaining to the imported goods for 7 years.  Failure to do so could incur a fine to B$ 50,000.00.
• Customs Officers from the Post Clearance Audit Unit may at all reasonable times search and audit
all the documents related to imported goods.
• The importer is obliged to cooperate with Customs in examining the accounts and business
records and any relevant documents.
The Department of Royal Customs and Excise will cooperate with importers and the business
community in clarifying any confusion that may aris e.  A series of workshops and dialogues with the
business sector initiated since 1999 will continue.  Royal Customs and Excise will highly appreciate
the cooperation and feedback from the importers and the business community in order to ensure
smooth and effective implementation of the new valuation code.
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