alleryStart learning →Which WTO valuation method is set out in Article 5?
ADeductive value
BComputed value
CDerivative method
DSimilar goods method
Answer & Solution
Correct answer: A. Deductive value
Article 5 sets the deductive value method, followed by computed value under Article 6.
Keep practising Customs Act, 1962
Browse all Customs Act, 1962 questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A public customs warehouse (Type B) can be used by whom?The Brussels Definition of Value came from a convention adopted in which year?In the WTO valuation order, the transaction value of identical goods follows which ArticleIn the WTO valuation hierarchy, which method has first precedence?The WTO Agreement on Customs Valuation implements which GATT article?A wooden frame made of tropical wood is classified under which HS subheading?Where do residual 'Other goods' codes normally appear within an HS heading?HS classification of products must apply the General Rules of Interpretation in what manne