Committee on Customs Valuation - Notification Concerning the Decision under Paragraph 2 of Annex III of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 - Sri Lanka
- Sri Lanka
- 2005/03/25
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World Trade
Organization G/VAL/N/4/LKA/3
21 March 2005
(05-1153) Committee on Customs Valuation Original: English
notification concerning the decision under paragraph 2
of annex Iii of the agreement on implementation of
article vii of the general agreement on
tariffs and trade 1994
SRI LANKA
The following communication, dated 17 March 2005, is being circulated at the request of the Delegation of Sri Lanka.
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Reservation made by Sri Lanka to retain the system of minimum values on used motor vehicles
for valuation purposes under paragraph 2 of Annex III
Progress report with regard to phasing out the minimum value system by Sri Lanka
1. Introduction:
After availing itself of the provisions provided for in Article 20.1 of the WTO Customs Valuation Agreement to delay the application of the provisions of the said agreement for an agreed period, Sri Lanka brought its domestic Custom Law into conformity with the provisio