Valuation
Transport Costs in Valuation
Freight costs to move goods to the entry point. Added as additions. The cutoff is the border or entry port; costs after that point are deductible.
Freight costs to move goods to the entry point. Added as additions. The cutoff is the border or entry port; costs after that point are deductible.
Includes international freight, loading, unloading, and in-transit handling. If CIF, already included; if FOB/EXW, must be added. Costs after the entry point are deducted.
Stay MVE compliant
Learn more→Additions to Customs Value
Expenses that must be added to the price paid to determine transaction value: selling commissions, packaging, assists from importer, royalties, and transport/insurance costs to entry point.
ValuationDeductions from Customs Value
Expenses that may be subtracted from the price paid: transport after entry point, inland insurance, loading/unloading in national territory, and post-import assembly and installation.
TradeCustoms Value
The monetary amount on which import duties are calculated, determined according to the WTO Valuation Agreement with transaction value as the primary method.
LogisticsFOB (Free on Board)
An Incoterm indicating that the seller delivers goods on board the vessel designated by the buyer at the agreed port of shipment, transferring risks and costs to the buyer at that point.