Valuation
Related Party Valuation
A buyer-seller relationship (partners, control, family, exclusive distributor) that may influence price. Requires demonstrating transaction value acceptability through test values.
A buyer-seller relationship (partners, control, family, exclusive distributor) that may influence price. Requires demonstrating transaction value acceptability through test values.
Related status exists when the relationship could influence price: partners, direct/indirect control, family, exclusive distributor. The importer can demonstrate acceptability with comparable test values.
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A legal, commercial, or control relationship between buyer and seller in an international transaction—such as subsidiaries, partners, employer-employee, or family members—that customs authorities examine to verify that the transaction price is not influenced by the relationship and reflects actual market value.
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.
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.
ValuationPrice Actually Paid or Payable
The total payment the buyer makes or will make to the seller for imported goods, constituting the basis of transaction value. Includes direct payments, indirect payments, advances, and compensations.