Regulation 126 Method 6 valuationC1I1
“Method 6 valuation” means the valuation of chargeable goods presented to Customs on import which is the value determined by applying—
such of the elements of valuation used in any other method of valuation in this chapter; and
the principles for the valuation of goods adopted by the WTO in the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 M1,
as are reasonable to apply in order to determine the value of the chargeable goods immediately before F1discharge of those goods from the free-circulation procedure.
Annotations
Textual amendments
- F1
Words in reg. 126 substituted (16.7.2025) by The Customs (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/745), regs. 1(1), 4(19)
Marginal citations
- M1
Available from: http://www.wcoomd.org/-/media/wco/public/global/pdf/topics/valuation/instruments-and-tools/gatt/arti7_gen_agreemt.pdf?db=web. A hard copy is available for inspection free of charge at the offices of HMRC at 100 Parliament Street, London, SW1A 2BQ.
Modifications
- C1
Pt. 12 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 32; S.I. 2020/1643, reg. 2, Sch.
Commencement
- I1
Reg. 126 in force at 31.12.2020 by S.I. 2020/1643, reg. 2, Sch.