Dominican Republic Customs Valuation
Dominican Republic Customs Valuation is governed by Decree 36-11 of January 20th of 2011 establishing the Regulation for Customs Valuation pursuant to the GATT 1994 Valuation Agreement, whose purpose is to develop the provisions of the Agreement relative to the application of Article VII of the General Agreement of Tariffs and Trade (GATT) of 1994, as well as the provisions of Dominican Republic Law.
Such Regulation unifies the existing norms related to the determination of the customs valuation of imported goods and establishes the procedure to be followed for the valuation of the declarations of imported goods, which will thereafter be determined in accordance with the Methods of Valuation established in the Valuation Agreement of the World Trade Organization.
It also establishes the procedure to be utilized on the subject of notifications when the General Customs Administration has doubts over the authenticity or accuracy of the data or documents presented as proof of the declared value.
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