Customs Valuation
Category: Customs
Also searched as: Customs value
Definition (plain English)
The method used to determine the customs value on which duty, tax, and trade measures are calculated.
Why it matters commercially
Valuation mistakes can understate duty, trigger audits, and distort landed cost or customer pricing.
Example
A broker added assists and royalties to customs value after reviewing the buyer supplier agreement.
Common mistake
Declaring invoice price only without checking freight, insurance, assists, royalties, related-party pricing, and Incoterm rules.
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Landed Cost
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