WORLD TRADE
ORGANIZATIONG/VAL/N/3/PAN/1
8 October 1998
(98-3877)
Committee on Customs Valuation Original:  Spanish
NOTIFICATIONS UNDER DECISIONS A.3 AND A.4 CONCERNING THE
INTERPRETATION OF THE AGREEMENT ON IMPLEMENTATION
OF ARTICLE VII OF THE GENERAL AGREEMENT ON
TARIFFS AND TRADE 1994
PANAMA
The following communication, dated 1 September 1998, has been received from the
Permanent Mission of Panama.
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With regard to the Decision of the Committee on Customs Valuation on the Treatment of
Interest Charges in the Customs Value of Imported Goods, I have the honour to inform the Committee
that the date of application of the Decision by the Government of Panama was 20 October 1997, as
published in Official Gazette No. 23,402.  This is based on Cabinet Decree No. 26 of 1 August 1996,published in Official Gazette No. 23,096 of 7 August 1996, which enters into force on
1 January 1997, and Decision 3.1 of the IX Meeting of the Valuation Committee of 26 April 1984.
With regard to the Decision of the Committee on Customs Valuation on the Valuation of
Carrier Media Bearing Software for Data-Processing Equipment, I have the honour to inform the
Committee that, in accordance with paragraph 3 of that Decision, the date of its application by the
Government of Panama was 20 October 1997, as  indicated in Article 18 of Resolution
No. 704-04-532 of 17 September 1997, published in Official Gazette No. 23,402.  This is based on
Decision 4.1 of the X Meeting of the Valuation Committee held on 24 September 1984, paragraph 1
of which confirms that the transaction value is the primary basis for valuation in accordance with
GATT Article VII.
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