Transaction Value
Category: Customs
Also searched as: Transaction value method
Definition (plain English)
The customs valuation basis using the price actually paid or payable for imported goods, adjusted where customs rules require.
Why it matters commercially
Transaction value is common, but wrong adjustments can create duty underpayment, penalties, and inaccurate landed cost.
Example
An importer added tooling assist value to transaction value before filing the entry.
Common mistake
Assuming supplier invoice value is always the complete customs value without reviewing required additions and exclusions.
Use this in CommerceKit
Landed Cost
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