Valuation
Royalties and License Fees
Also known as: Royalties, License fees
Payments to IP rights holders as a condition of sale. When they are a condition of sale, they must be added to customs value per Article 65 Section III of the Customs Law.
Also known as: Royalties, License fees
Payments to IP rights holders as a condition of sale. When they are a condition of sale, they must be added to customs value per Article 65 Section III of the Customs Law.
Payments for use of patents, trademarks, copyrights, designs, or know-how in the merchandise. They are additions when payment is a condition of sale.
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Payments by the buyer to the seller or a third party for the use of intellectual property associated with imported goods, which may increase customs value.
ValuationAdditions 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.
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.
ValuationRelated Party Transactions
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.