Transportation
Customs Valuation
Determining the monetary value of imported goods for duty calculation.
C
Updated 2025-10-01
Definition
Customs valuation establishes the value of goods for calculating import duties, taxes, and tariffs based on international rules.
Overview
Overview
Accurate customs valuation is critical to comply with trade laws and avoid fines or delays.
Methods
- Transaction value method
- Computed value method
- Deductive method
Example
A shipment of electronics is valued based on invoice price plus shipping costs to determine import duty.
Tags
#Customs Valuation#Import Duty#Compliance#Shipping
Related Terms
Customs Clearance
Customs Broker
Import License
