The Price of the Dea(Article 28)

The customs value of imported goods is the value of the transaction, i.e., the price actually paid or payable for the sale of those goods for export to the importing country, taking into account the provisions of article (28) of the Law and in accordance with the following conditions: -

Condition 1:

There should be no restrictions on the buyer to dispose of or use the goods other than those provided for in this Law.

Condition 2:

The sale or price shall not be subjected to a condition or a fee whose value cannot be determined for the goods being evaluated.

Condition 3:

The seller shall not be entitled to any part of the proceeds of the resale, disposal or subsequent use of the goods by the buyer directly or indirectly unless the appropriate adjustment of the value can be made.

Condition 4:

The seller and the buyer shall not be associated, and if they are related, the value of the transaction is acceptable for customs purposes in accordance with the provisions of article (c) and (d) of article (28).

If the price authorized by the importer is proven by providing commercial correspondence, including any electronic means, original documents, commercial contracts, connecting invoices, the payment of the full price of the transaction and other documents in accordance with the form of requesting additional documents and information prepared for it, the authorized prices are accepted by the importer and the clearance procedures for the goods are duly completed.

If the value of the transaction cannot be estimated in accordance with article (28) of the Act, articles (29,30, 31) of the Act stipulate that the following methods will be adopted sequentially until the customs value is reached in the first possible manner.

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