customs valuation
Tariff basis determination
Customs valuation is the process of determining the monetary worth of imported goods for calculating duties and tariffs.
Customs authorities assess value based on transaction price, comparable goods, or other methods when the declared value seems questionable: The shipment was delayed pending customs valuation.
The process prevents underreporting to evade import taxes.
- tariffTax on traded goods
- dutyRequired moral task
- trade agreementPact governing international commerce
- appraisalEstimation of worth
- declared valueStated monetary worth of goods
commercial invoice · invoice · import · border · declaration · freight · consignment · transaction · merchandise · assessor · price · country of origin · origin · inspection · clearance · broker · harmonized · bonded
- Trade Termstariffs, imports, exports, quotas, duties
- customs valuationdeclared value, appraisement, invoice price, CIF, FOB
- tariffstariff, import duty, tariff rates, import tax, tariff barriers
- trade controlsimport tariffs, import quotas, import restrictions, import regulations, trade barriers
- trade lawtrade law, trade regulations, trade laws, trade treaties, commercial law
- trade regulationstrade laws, trade restrictions, export controls, trade barriers, export restrictions
customs valuationretail price
Consumer purchase amount
market value · resale value · fair market value · book value · wholesale price
customs valuationnegotiated price
Amount reached through discussion
duty-free · auction price · spot price · competitive pricing · street value
customs, custom, valuation, values, valued, valuing, valuable, valuables, invaluable