Get Customs Valuation Encyclopedia 2010 Form 2018-2024

For the purposes of rule 7 goods of the same class or kind" includes goods imported from the same country as the goods being valued as well as goods imported from other countries.

(5) “the price actually paid or payable” means the total amount paid or payable to the seller directly or indirectly, for the goods imported by the buyer or for his favour . (6) “the imported goods being valued” means the goods being valued for customs purposes.

Customs valuation is generally based on the actual price of the goods, which is usually shown on the invoice. This price, plus adjustments for certain elements, equals the transaction value. This constitutes the first and most important method of valuation referred to in the Customs Valuation Agreement.

There are 6 valuation methods: The transaction value method. The transaction value of identical goods. The transaction value of similar goods. The deductive method. The computed method. The fall-back method.

Customs Value is the total value of all items in your shipment and determines how much import duty the package recipient must pay. For example, if you are shipping 10 dresses each valued at US$25.00 (or local currency equivalent), then you would enter a customs value of US$250.00.

Customs Value is the total value of all items in your shipment and determines how much import duty the package recipient must pay. For example, if you are shipping 10 dresses each valued at US$25.00 (or local currency equivalent), then you would enter a customs value of US$250.00.

(5) “the price actually paid or payable” means the total amount paid or payable to the seller directly or indirectly, for the goods imported by the buyer or for his favour . (6) “the imported goods being valued” means the goods being valued for customs purposes.

(4) No addition shall be made to the price actually paid or payable in determining the value of the imported goods except as provided for in this rule.