Valuation
Cost method (valuation)
Calculates customs value from production costs including materials, processing, producer's usual profit, and general expenses in the exporting country.
Calculates customs value from production costs including materials, processing, producer's usual profit, and general expenses in the exporting country.
Calculates customs value from production costs including materials, processing, producer's usual profit, and general expenses in the exporting country.
Computed value (Method 5)
Fifth valuation method determining value by summing material costs, manufacturing, profit, and general expenses of the producer. Requires foreign producer information.
ValuationCustoms Valuation Method
A procedure established by the WTO Valuation Agreement for determining customs value, applied hierarchically: transaction value, identical goods, similar goods, deductive, computed, and fallback.
ValuationTransaction Value
The price actually paid or payable for imported goods, adjusted as prescribed by the WTO Valuation Agreement. It is the primary method for determining customs value.
ValuationDeductive method (Method 4)
Fourth method starting from domestic selling price of identical or similar goods, deducting transport, commissions, profits, and taxes to determine customs value.