  
  
G/VAL/N/3/SLV/1  
4 November 2021  
(21-8369) Page: 1/2 
Committee on Customs Valuation  Original: Spanish  
 
NOTIFICATION UNDER DECISION A.3 CONCERNING THE INTERPRETATION  
OF THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF  
THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994  
NOTIFICATION OF THE TREATMENT OF INTEREST CHARGES  
EL SALVADOR  
The following communication, dated 1  November  2021, is being circulated at the request of the 
delegation of El Salvador.  
 
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In conformity with the procedures established by the Committee on Customs Valuation in Section  A.3 
of document G/VAL/5, El Salvador hereby gives notification regarding the treatment of interest 
charges in the customs value of imported goods.  
 
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Pursuant to the Decision adopted by the Committee on Customs Valuation on the treatment of 
interest charges in the customs value of imported goods (G/VAL/6/Rev.1), adopted by the Tokyo 
Round Committee on 26 April 1984 (G/VAL/M/9, paragraph 38) and rectified (French and Spanish 
versions only) by the said Committee on 24 September 1984 (VAL/M/10, paragraph 17) and in  
compliance with the Decision on notification and circulation of national legislation adopted by the 
Committee on Customs Valuation on 12 May 1995 (G/VAL/5), the Government of El Salvador hereby 
notifies that the Decision in question has been applied since  2004, following its incorporation into 
Article 7 of the Central American Regulations on Customs Valuation of Goods.  
 
The said Decision is currently contained in Article 190 of the Regulations of the Central American 
Uniform Customs Code, which reads as fo llows:  
 
"Article 190: Charges for interest . 
 
Charges for interest under a financing arrangement entered into by the buyer and relating 
to the purchase of imported goods shall not be regarded as part of the customs value 
provided that:  
 
(a)  the charges are distinguished from the price actually paid or payable for the  goods;  
 
(b)  the financing arrangement was made in writing;  and  
 
(c)  where required, the buyer can demonstrate that:  
 
i. such goods are actually sold at the price declared as the price actually  paid or 
payable; and  
 
ii. the claimed rate of interest does not exceed the level for such  transactions 
prevailing in the country where, and at the time when the finance was  provided.  
 G/VAL/N/3/SLV/1  
 
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  This Decision shall apply regardless of whether the finance is provided by the seller, a bank 
or another natural or legal person. It shall also apply, if appropriate, where goods are valued 
under a method other than the transaction value."  
 
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