Direct 0013/MS/cjwf
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| Paragraph 6 (b) Waivers under the provisions of this subparagraph shall be granted only on application by the contracting party proposing to levy an anti-dumping or countervailing duty, as the case may be. Ad Article VII Paragraph 1 The expression "or other charges" is not to be regarded as including internal taxes or equivalent charges imposed on or in connection with imported products. Paragraph 2 1. It would be in conformity with Article VII to presume that "actual value" maybe represented by the invoice price, plus any non-included charges for legitimate costs which are proper elements of "actual value" and plus any abnormal discount or other reduction from the ordinary competitive price. 2. It would be in conformity with Article VII, paragraph 2 (b), fora contracting party to construe the phrase "in the ordinary course of trade ... under fully competitive conditions, as excluding any transaction wherein the buyer and seller are not independent of each other and price is not the sole consideration. 3. The standard of "fully competitive conditions" permits a contracting party to exclude from consideration prices involving special discounts limited to exclusive agents. 4. The wording of sub-paragraphs (a) and (b) permits a contracting party to determine the value for customs purposes uniformly either (1) on the basis of a particular exporter's prices of the imported merchandise, or (2) on the basis of the general price level of like merchandise. Ad Article VIII 1. While Article VIII does not cover the use of multiple rates of exchange as such, paragraphs 1 and 4 condemn the use of exchange taxes or fees as a device for implementing multiple currency practices if, however, a contracting party is using multiple currency exchange fees for balance of payments reasons with the approval of the International Monetary Fund, the provisions of paragraph 9 (a) of Article XV fully safeguard its position. 2. It would be consistent with paragraph 1 if, on the importation of products from the territory of a contracting party into the territory of another contracting party, the production of certificates of origin should only be required to the extent that is strictly indispensable. ANNEX I Ad Articles XI, XII, XIII, XIV and XVIII Throughout Articles XI, XII, XIII, XIV and XVIII, the terms "import restrictions" or "export restrictions" include restrictions made effective through state-trading operations. Ad Article XI Paragraph 2 (c) The term "in any form" in this paragraph covers the same products when in an early stage of processing and still perishable, which compete directly with the fresh product and if freely imported would tend to make the restriction on the fresh product ineffective. Paragraph 2, last sub-paragraph The term "special factors" includes changes in relative productive efficiency as between domestic and foreign producers, or as between different foreign producers, but not changes artificially brought about by means not permitted under the Agreement. Ad Article XII The CONTRACTING P ARTIES shall make provision for the utmost secrecy in the conduct of any consultation under the provisions of this Article. Paragraph 3 (c)(i) Contracting parties applying restrictions shall endeavour to avoid causing serious prejudice to exports of a commodity on which the economy of a contracting party is largely dependent. Paragraph 4 (b) It is agreed that the date shall be within ninety days after the entry into force of the amendments of this Article effected by the Protocol Amending the Preamble and Parts II and III of this Agreement. However, should the CONTRACTING P ARTIES find that conditions were not suitable for the application of the provisions of this subparagraph at the time envisaged, they may determine a later date Provided that such date is not more than thirty days after such time as the obligations of Article VIII, Sections 2, 3 and 4, of the Articles of Agreement of the International Monetary Fund become applicable to contracting parties, members of the Fund, the combined foreign trade of which constitutes at least fifty per centum of the aggregate foreign trade of all contracting parties. Download 352.59 Kb. Share with your friends:
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