Tariff and Trade Affairs

The Technical Committee continues to work on the relationship between transfer pricing and Customs valuation, and is also examining technical questions that have been received from the Customs Administration of Belarus regarding the Customs value of industrial waste products, and from Singapore Customs on the Interpretation of “condition of sale” in Article 8.1 (c) and the Application of Article 8.1 (d) with respect to payments based on projected net profits.