The EU through the Trade Related Assistance Programme Phase 2, implemented by the Department of Trade, Commerce and Industry is supporting 2 workshops enhancing awareness in the correct legal valuation of imported goods. The workshops will be conducted in Lae from 22 to 24 January 2018.
PNG is a signatory and Member of the World Trade Organisation, which, as a result of the Uruguay Round Agreement, implemented the “Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994” (referred to as the GATT Agreement). This Agreement forms the primary basis for the determination of Customs Value of Imported Goods in the assessment of import duties and taxes. The Agreement establishes a legal framework for the determination of the “Transaction Value” of goods.
