The agreement gives customs authorities the right to request additional information from importers when they have reason to doubt the accuracy of the reported value of imported products. If, in spite of any additional information, the administration retains reasonable doubts, it can be considered that the customs value of the imported goods cannot be determined on the basis of the declared value and that the duty should determine the value taking into account the provisions of the agreement.  The full text of the agreement is available on the WTO website. More information on the agreement and its application is also available on the WTO website in the Trade Topics category. An agreement with a client and related customer relationships may represent two separate intangible assets. The lifespan and the way in which the economic benefits of these two assets are exploited may vary. The WTO agreement on the implementation of Article VII of the 1994 GATT or the so-called evaluation agreements is part of the Uruguay Round agreements. The agreement sets the rules for determining the value of goods for the imposition of customs duties and taxes applicable at the time of the importation of goods. Under the valuation agreement, transaction value is the primary value method, that is, the value that is based on the price actually paid or payable for the goods. For importers, estimating the value of a product in customs poses problems that can be as serious as the actual tariff calculated. The WTO Customs Assessment Agreement aims to establish a fair, uniform and neutral system for assessing goods for customs purposes, one that is consistent with commercial reality and prohibits the use of arbitrary or fictitious customs values. The Customs Assessment Committee of the Goods Council (CGT) conducts customs assessment work within the WTO.
An entity`s connection to its customer occurs when the entity has customer information and maintains regular contact with the customer and the customer can establish direct contact with the company. Customer relations meet the contractual test when the entity has established a relationship with customers, whether or not the agreement is concluded at the time of acquisition. Customer relationships can also be created by other agreements, for example. B through regular contacts maintained by sales or service agents.