G/VAL/W/371  
 
5 May 2021 
(21-3826) Page: 1/2 
Committee on Customs Valuation  Original: English  
 
 
NOTIFICATION UNDER ARTICLE 22 OF THE  
AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF  
THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994  
KYRGYZ REPUBLIC  
Replies from the Kyrgyz Republic  to questions  posed by the United State s 
regarding document G/VAL/W/34 1 
 
 
The following submission, dated 14 April 2021 , is being circulated at the request of the delegation 
of the Kyrgyz Republic . 
_______________  
 
Question 1  
 
Please explain the manner in which "stock quotes (stock price indices)" are used under 
the reserve method (method 6) to determine the customs value of imported goods, 
including the source of those stock quotes or price indices.  
 
The reserve method (method  6) for determining the customs value of goods is applied if the customs 
value of goods cannot be determined in accordance with Articles 39 and 41 - 44 (methods 1 -5) of 
the Customs Code of the Eurasian Economic Union (hereinafter - the Code) and then the c ustoms 
value of such goods is determined on the basis of information available on the customs territory of 
the Eurasian Economic Union (hereinafter -  the Union), by using reasonable methods compatible 
with the principles and general provisions of Chapter 5 of the Code.  
 
In particular, when applying the reserve method, the customs value of exchange goods imported 
into the customs territory of the Union under contracts concluded outside exchange trading can be 
determined on the basis of exchange quotations b ased on the available information about the dates 
of shipment and arrival of goods, taking into account the qualitative and quantitative characteristics 
of such goods and other factors affecting the value of goods. At the same time, information on stock 
quotes available in the customs territory of the Union can be used if such information meets the 
requirements established by Chapter 5 of the Code and the Rules for the Application of the Reserve 
Method (Method 6) in determining the customs value of goods.  
 
Exchange quotes used are publicly available information of an open character, and are published in 
various specialized publications and on specialized websites on the Internet.  
 
Question 2  
 
Please explain how and by whom "data from the assessment reports carried out by 
organizations (individuals) engaged in the evaluation activity" are created. Please identify 
which provision, in the measures the Kyrgyz Republic has notified under CVA Article 22, 
defines the term "assessment reports", and the provisions th at describe which entities 
are authorized to produce them.  
 
According to the Temporary Rules for the Activities of evaluators and appraisal organizations in the 
Kyrgyz Republic, approved by the Resolution of the Government of the Kyrgyz Republic dated G/VAL/W/371  
 
- 2 - 
 
  August 21, 2003 No. 537, evaluators and appraisal organizations can carry out appraisal of property 
in the territory of the Kyrgyz Republic. In accordance with the Standards of basic concepts and 
principles of valuation approved by the Resolution of the Gover nment of the Kyrgyz Republic dated 
April 3, 2006 No. 217, an evaluator is an individual with the qualifications required to provide 
evaluation services. An appraisal organization is a legal entity registered in accordance with the 
established procedure, en gaged in appraisal activity and having at least one appraiser in its staff. 
The standard of requirements for the content and design of an assessment report establishes that 
the main final document of any assessment is a report that contains the appraiser's  justifications 
and conclusions about the value of the appraisal object.  
 
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