Notifications under Article 22 of AGREEMENT ON IMPLEMENTATION
OF ARTICLE VII OF THE GENERAL AGREEMENT
ON TARIFFS AND TRADE 1994

replies by Iceland to Questions from the United States

regarding document G/VAL/Q/ISL/5

Iceland

The following communication, dated 3 October 2024, is being circulated at the request of the delegation of Iceland.

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Question

In response to Question 2 (G/VAL/Q/ISL/4), Iceland noted that the Interpretive Notes to the WTO Customs Valuation Agreement (CVA) have not been incorporated directly into Icelandic customs legislation in their entirety. But rather, the "[t]he interpretive Notes…are reflected in Art. 14, 15 and 118 of the Customs Law, No. 88/2005, and articles 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, and 71 of Regulation No. 1100/2006". While the text of the articles from the CVA appear to be generally incorporated, the text of the corresponding general notes does not appear to be in Customs Law 88/2005 and Regulation No 1100/2006. This includes the Notes to Articles 1, 2, 3, 5, 6, and 7. Please clarify where or whether these provisions are incorporated into Iceland's customs legislation.

Response

In addition to previous communication which explains where the interpretative notes are reflected in domestic legislation, Iceland more specifically refers the United States to article 62 of Regulation No. 1100/2006. The article notes that if the customs value of an imported product cannot be determined in accordance with Article 14 of the Customs Law or articles 57-61 of the same regulation, the customs value shall be determined in accordance with the principles and general provisions of the Agreement on the Implementation of Article VII of the General Agreement on Tariffs and Trade 1994. Iceland considers that a reference to “principles and general provisions” of the WTO Customs Valuation Agreement includes a reference to the Interpretative notes.

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