Also known as: Adjustments, Value additions
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.
Article 65 of the Customs Law establishes four categories added to the price: selling commissions, containers and packaging; assists from importer to producer; royalties and license fees; and proceeds of resale accruing to seller. Plus transport and insurance to entry point.
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Learn more→Dutiable Charges (Assists)
Costs and values that must be added to the price actually paid or payable for imported goods to determine customs value, including commissions, packing, assists, royalties, licenses, and certain transport and insurance costs not included in the invoice price.
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.
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.
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.