For importers, the process of estimating the customs value of a product poses problems that can be as serious as the duty actually collected. The WTO Agreement on Customs Valuation aims to establish a fair, uniform and neutral system for determining the customs value of goods, a system that respects trading conditions and prohibits the use of arbitrary or fictitious customs values. The Customs Valuation Committee of the Council for Trade in Goods (CGT) works on customs valuation within the WTO. The WTO Agreement on Implementation of Article VII of the GATT 1994 or the so-called valuation agreements are part of the Uruguay Round. The Agreement establishes the rules for determining the value of the goods for the determination of customs duties and taxes applicable on the date of importation of the goods. According to the valuation agreement, the transaction value is the principal value method, i.e. the value based on the price actually paid or payable for the goods. The full text of the agreement is available on the WTO website. For more information on the agreement and its application, please consult the WTO website under „Trade issues“. The connection of an entity 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 relationships meet the contractual criterion when the company has established a relationship with customers, whether or not the agreement exists at the time of acquisition. Customer relationships may also result from other agreements, such as.B.
regular contacts by sales or service agents. The agreement gives customs administrations the right to request additional information from importers when they have reason to doubt the accuracy of the declared value of imported goods. If, despite additional information, the administration retains reasonable doubts, it can be assumed that the customs value of the imported goods cannot be determined on the basis of the declared value and that customs should determine the value taking into account the provisions of the Agreement.  A client agreement and related client relationships may constitute two separate intangible assets. .