{"@context":"https://schema.org","@type":"DefinedTerm","name":"GATT Article VII","description":"Unlike earlier customs practices that allowed authorities to assess goods values at their own discretion, GATT Article VII establishes a binding, internationally agreed framework for customs valuation. The primary standard is transaction value – the price actually paid or payable for goods sold for export – adjusted to include freight to the point of importation, insurance, packaging, and any commissions or royalties applicable. Where transaction value cannot be determined or accepted, five alte","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/gatt-article-vii","inLanguage":"en","dateModified":"2026-06-26T16:23:29.567404","citation":"https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/gatt-article-vii","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"GATT Article VII · Unlike earlier customs practices that allowed authorities to assess goods values at their own discretion, GATT Article VII establishes a binding, internationally agreed framework for customs valuation. · Quelle: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm"}