A new instrument of the Technical Committee on Customs Valuation

wco - valuationA new instrument of the Technical Committee on Customs Valuation has recently been published. Advisory Opinion 4.15 provides guidance on a case where royalties have been paid to a third party licensor (in other words, the licensor is not the seller of the goods) and determines whether or not it is appropriate to include the royalty fee in the Customs value of the imported goods. Available from WCO Online Bookshop.

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