  
  
G/VAL/N/3/ PHL/2 
 
16 February 2023  
(23-1123) Page: 1/1 
Committee on Customs Valuation  Original: English  
 
 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  ON THE TREATMENT  OF INTEREST  CHARGES   
PHILIPPINES  
The following communication, dated 15 February 2023 , is being circulated at the request of the 
delegation of the Philippines . 
 
_______________  
 
 
With regard to the Decision of the Committee on Customs Valuation in Section A. 3 of 
document  G/VAL/5,  and as re flected in  its answer to Question 14 of G/VAL/N/2/PHL/1,  the 
Philippines  has no special provisions on the treatment of interest charges . The Philippines does not 
treat interest charges as part of the customs value of imported goods because there is no existing 
law or domestic regulation that requires the inclusion of such charges.  
 
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