NOTIFICATION UNDER DECISION A.4 CONCERNING
THE INTERPRETATION
OF THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII
OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994
NOTIFICATION OF VALUATION OF CARRIER MEDIA
Sri Lanka
The
following communication, dated 5 May 2015, is being circulated at the request
of the delegation of Sri Lanka.
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With
reference to the Decision on the Valuation of Carrier Media Bearing Software
for Data Processing Equipment, the Government of Sri Lanka has the honour to
notify the Committee that the date of application of the said Decision by Sri
Lanka is 4 May 2012. The relevant
gazette notification, No: 1756/30 dated
4 May 2012, issued in this regard is annexed hereto.
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PART I: SECTION (I) — GENERAL
Government Notification
CUSTOMS NOTIFICATION
Regulations under Section 101
(Chapter 235) of the Customs Ordinance
VALUATION OF CARRIER MEDIA
BEARING SOFTWARE FOR DATA PROCESSING EQUIPMENT
1. BY virtue of the powers vested in me by
Section 101 (1) (h) of the Customs Ordinance (Chapter 235), I, Mahinda Rajapaksa,
Minister of Finance and Planning, being satisfied that it would also be
consistent with the Agreement on Implementation of Article VII of the General
Agreement on Tariffs and Trade, do hereby notify that herein after, in
determining the customs value of imported carrier media bearing data or
instructions (software), only the cost of the carrier media itself shall be
taken into account. The customs value
shall not, therefore, include the cost or value of the data or instructions (software),
provided that this is distinguished from the cost or the value of the carrier
medium.
2. For the purpose of this notification, the
expression "carrier medium" shall not be taken to include integrated circuits,
semi-conductors and similar devices or articles incorporating such circuits or
devices; the expression "data or instructions" shall not be taken to
include sound, cinematic or video recordings.
3. These regulations may be cited as Customs
Valuation Regulation No. 02 of 2012 and shall come into operation on 4 May
2012.
MAHINDA RAJAPAKSA,
Minister of Finance and
Planning.
Ministry
of Finance and Planning,
Colombo
01,
18th April 2012.
05–520
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