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Venezuela Import Regs.: Reference Pricing/Price Bands

Come to discuss the importing regulations, policy, and standards of Venezuela.

Venezuela Import Regs.: Reference Pricing/Price Bands

Postby bridgat » Tue Nov 18, 2008 7:27 am

The GOV on November 11, 2002 issued Joint Resolutions 1.247 and 484 establishing the use of reference prices and price bands for selected imports (mostly agricultural). These reference prices are NOT used, according to these resolutions, as the basis for customs valuation. Article 10 of this Joint resolution creates an exception to substitute the invoice valuation. The GOV in 2007 applied "reference pricing" to textile imports for purposes of verification.
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