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G/VAL/N/1/MMR/114 March 2019 (191561)Page: 1/11Committee on Customs ValuationOriginal: EnglishNOTIFICATIONS UNDER ARTICLE 22 OF THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF THE GENERAL AGREEMENT
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How to fill out customs valuation agreement reservation

01
To fill out the customs valuation agreement reservation, follow these steps:
02
Begin by entering the name of the entity making the reservation, along with their contact information.
03
Provide details about the goods being valued, including a clear description, quantities, and any relevant product codes.
04
Indicate the date of the valuation and the currency in which the value will be expressed.
05
Specify the method used for determining the customs value and provide any necessary supporting documents.
06
Include information about the declarant, including their name, address, and identification number.
07
Provide any additional information or comments that may be relevant to the valuation.
08
Review the form for accuracy and make any necessary corrections before submitting.
09
Once the form is completed, sign and date it.
10
Submit the form to the appropriate customs authority for processing.

Who needs customs valuation agreement reservation?

01
Customs valuation agreement reservation is typically needed by importers or exporters who require a formal valuation of their goods for customs purposes.
02
This may include businesses engaged in international trade, customs brokers, or individuals who need to comply with customs regulations.
03
By submitting a customs valuation agreement reservation, these entities can ensure that the declared value of their goods aligns with customs requirements and avoid potential penalties or delays in clearance.
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Customs valuation agreement reservation is a formal declaration submitted to customs authorities regarding the valuation of imported goods.
Importers or their authorized representatives are required to file customs valuation agreement reservation.
Customs valuation agreement reservation can be filled out electronically through the customs authority's online portal or submitted physically with the required documentation.
The purpose of customs valuation agreement reservation is to ensure that the valuation of imported goods complies with international customs regulations and agreements.
Information such as the description of the imported goods, their value, country of origin, and any applicable tariff codes must be reported on customs valuation agreement reservation.
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