According to 9.10 [namespace.udecl] paragraph 15,

When a using-declaration brings names from a base class into a derived class scope, member functions and member function templates in the derived class override and/or hide member functions and member function templates with the same name, parameter-type-list (9.3.4.6 [dcl.fct]), cv-qualification, and ref-qualifier (if any) in a base class (rather than conflicting).

The algorithm for class-scope name lookup given in 6.5.2 [class.member.lookup], however, does not implement this requirement; there is nothing that removes a hidden base class member (replacing the using-declaration, per paragraph 3) from the result set.