| VII | Valuation for Customs Purposes |
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| 1 | Articulates support for principles of Article VII and allows for requests for reports on adherence | |
| 2 | Customs value should be "actual value" which is "the price at which, at a time and place determined by the legislation of the country of importation, such or like merchandise is sold or offered for sale in the ordinary course of trade under fully competitive conditions" and in like quantities, where quantities matter. | |
| 3 | Customs value does not include exempted internal taxes of the exporter | |
| 4 | Governs ERs, specifiying par values for fixed ERs, or "current value of such currency in commercial transactions," or IMF-compatible values for multiple ERs | |
| 5 | Customs valuations should be stable and public | |