Rules of Customs Valuation

A total of six methods may be used in determining the customs value:

Primary Method

1. Transaction Value (TV)

The transaction value method accounts for approximately 95% of all value determinations under the WTO Agreement. This is the case where, upon import, an invoice can be presented to customs that is used as the basis for the customs value determination. It is often referred to as the price actually paid or payable - a term which is at the heart of the valuation definition.

Secondary Methods

2. Transaction Value of Identical Goods

3. Transaction Value of Similar Goods

4. Deductive Method

5. Computed Method

6. Fall-Back Method.

The customs value is determined by proceeding sequentially from Method 1 to Method 6.

However, the order of Method 4 and Method 5 may be reversed at the specific request of the declarant.

Share with

Industry Specific Guidance and Logistics Advice

Exhibitions and Events

When fast reactions and quick solutions are required, you can count on Tudor International Freight to provide a dedicated team and exceptional service to help make your event a resounding success.

Chemicals

The chemical goods industry has experienced significant changes over recent years with a much larger emphasis being placed on logistics compliance and regulation. Tudor provide businesses with specialist chemical logistics advice and guidance.

Aerospace

Tudor International Freight provide a wide range of supply chain solutions to the aerospace sector. Our staff are familiar with industry terms and jargon – we understand and speak your language.

Manufacturing

Tudor International Freight manage the supply chain movements of many large international manufacturing companies. Our team appreciate the complex issues and unique logistical challenges facing this sector.

Oil and Gas

We have been providing logistics services to the oil and gas industry for many years. Our specialist team have worked on many projects across the world and understand the demands of this sector more than most.