Directorate General of Valuation Central Board of Excise & Customs Government of India

Meaning of the work...

Meaning of the work "undertaken" used in Article 8.1 (b) (iv) of the Agreement.

DECISION 2.1

MEANING OF THE WORD "UNDERTAKEN" USED IN ARTICLE 8.1 ( B) (IV) OF THE AGREEMENT.

During its Sixth Meeting held on 3 March 1983, the Committee on Customs Valuation agreed that in the context of Article 8.1 (b) (iv) of the Agreement the English word "undertaken" is to be understood as meaning "carried out". It noted that the French and Spain versions of the Agreement were not affected.