Ghana news briefing
The Algorithmic Gavel: Analysing automated customs valuation, ICUMS and the rule of law in international trade
Under section 67 of Act 891, and Article 16 of the WTO Customs Valuation Agreement, an importer may require Customs to explain the basis upon which the declared transaction value was rejected and an alternative method applied.
It is also important to add that under Article 1 of the WTO Valuation Agreement, the primary foundation for assessing customs duties is the Transaction Value, defined explicitly as the actual price paid or payable for the goods when sold for export to the country of importation.
Where customs authorities have reasonable doubts that the declared transaction value accurately represents the amount paid or payable, they may request additional information and supporting documentation; only where those doubts remain unresolved may the transaction value be rejected and a subsequent valuation method applied.
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