. /.  WORLD TRADE  
ORGANIZATION  G/VAL/N/4/LKA/2 
13 February 2004 
 (04-0598) 
Committee on Customs Valuation Original:   English 
   
NOTIFICATION CONCERNING THE DECISION UNDER PARAGRAPH 1 
OF ANNEX III OF THE AGREEMENT ON IMPLEMENTATION OF  
ARTICLE VII OF THE GENERAL AGREEMENT ON 
TARIFFS AND TRADE 1994 
 
SRI LANKA 
 
 
 The following communication, dated 27 January 2 004, is being circulated at the request of the 
Delegation of Sri Lanka.  
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 In reference to the WTO document G/VAL/53 of  7 March 2003, which contains the decision 
with respect to the above, please find herew ith the Gazette Notification No. 1273/21, dated 
31 January 2004, that sets out the basic criteria a nd other relevant information for application of 
minimum values on used motor vehicles. 
 
 With regard to the work plan for the phase out of the minimum values, the Ministry of 
Finance is currently considering this matter under a special committee. G/VAL/N/4/LKA/2 
Page 2  
THE GAZETTE OF THE DEMOCRATIC SO CIALIST REPUBLIC OF SRI LANKA 
EXTRAORDINARY 
 
1273/21 – Friday, January 31, 2003 
 
(published by Authority) 
 
PART I : SECTION (I) – GENERAL  
 
Government Notifications 
 
Customs Notification 
 
The Customs Ordinance (Chapter 235) 
 
ORDER UNDER ARTICLE 10 OF SCHEDULE "E" OF THE CUSTOMS  
AMENDMENTS ACT. No. 2 of 2003 
 
 In pursuance of the powers vested in me by Article 10 of Schedule "E" of the Customs Ordinance Amended Act, No.2 of 2003, I Kairshasp Nariman Choksy, Minister of Finance, do hereby 
order that the value of used motor vehicles imported and classifiable in headings 87.01, 87.02, 87.03, 
87.04 and 87.11 of the Harmonized Commodity Descrip tion and Coding System shall be calculated as 
set out below and all customs duties and other levies payable at the time of importation shall be 
calculated on the basis of such value.  This Orde r shall be in force for a period of two years from 
7 January 2003.  
Calculation of Value of used Motor Vehicles 
 
 The Customs value of a used motor vehicle of HS headings 87.01, 87.02, 87.03, 87.04 and 87.11 shall be the aggregate of:   (a) Higher of the two alternative values stated in (1) and (2) below;  
  (1) The sum of depreciated value as de fined in (3) below, and the value of 
accessories as determined by the Director General of Customs. 
  (2) Invoiced Free on Board (F.O.B) value.   (3) Depreciated value shall be the F.O.B.  value of a brand new motor vehicle, as 
furnished by the Manufactures'/Sellers' Agent of such vehicle in Sri Lanka, 
depreciated in terms of depreciation table published in the Gazette by the 
Secretary to the Ministry of Finance from time to time. 
  (b) Freight charges; and  (c) Insurance premium.  
K
AIRSHASP NARIMAN CHOKSY , 
Minister of Finance. 
 Ministry of Finance Colombo 01, 
30
 January 2003. 
 
Printed at the Department of Government Printing, SRI LANKA 
 
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