Valuation
Customs reference price
Market value used by authorities to evaluate reasonableness of declared value. Not a mandatory minimum but significant differences trigger verification.
Market value used by authorities to evaluate reasonableness of declared value. Not a mandatory minimum but significant differences trigger verification.
Market value used by authorities to evaluate reasonableness of declared value. Not a mandatory minimum but significant differences trigger verification.
Estimated Price (Reference Price)
A reference price published by Mexico's SAT for certain imported goods, used as a parameter to detect potential undervaluation in customs declarations.
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.
ValuationCustoms undervaluation
Illicit practice of declaring lower value to reduce duties. May result in PAMA, fines of 130-150% of omitted value, and criminal liability.
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.