Article 301. Customs value of goods imported into the customs territory

Customs value of goods imported into the customs territory is the value of goods determined by one of the methods for determining the customs value of goods and used for calculating customs charges.

The procedure for determining the customs value of goods imported into the customs territory of the Republic of Uzbekistan is established by the Cabinet of Ministers of the Republic of Uzbekistan.

The customs value of goods imported into the customs territory shall, to the maximum extent possible, be based on the transaction value of these goods determined in accordance with Article 303 of this Code.

The provisions of this Chapter are based on the general principles and rules established in Article VII of the General Agreement on Tariffs and Trade and the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (Marrakesh, April 15, 1994).

The determination of the customs value of goods imported into the customs territory shall not be based on the use of arbitrary or fictitious customs values.

The procedures for determining the customs value of goods imported into the customs territory shall be of general application, meaning they shall not vary depending on the sources of supply of goods, including the origin of the goods, the type of goods, the parties to the transaction, and other factors.

The procedures for determining the customs value of goods imported into the customs territory shall not be used for the purpose of combating dumping.

The Customs Committee under the Ministry of Economy and Finance of the Republic of Uzbekistan shall develop recommendations aimed at ensuring the uniform application of the provisions of this Chapter in selecting the methods for determining the customs value of goods imported into the customs territory, based on the relevant provisions of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (Marrakesh, April 15, 1994), including the commentaries to this Agreement, as well as documents relating to the customs valuation of goods adopted by the Customs Valuation Committee of the World Trade Organization and the Technical Committee on Customs Valuation of the World Customs Organization.