Valuation
Computed Value Method
Fourth customs valuation method determining customs value based on production cost plus general expenses and profit.
Fourth customs valuation method determining customs value based on production cost plus general expenses and profit.
The computed value method calculates customs value by adding: material and manufacturing costs, general expenses and usual profits, plus transport, insurance, and packing costs to the point of importation.
Customs Valuation
Process of determining the customs value of imported goods using the six methods of the WTO Valuation Agreement, used to calculate duties and taxes.
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.
ValuationDeductive Value
The fourth customs valuation method starting from the domestic selling price in the importing country, deducting costs such as margins, transport, and duties.
ValuationFallback Value Method
The sixth and final WTO customs valuation method applied when none of the five preceding methods can determine customs value, using reasonable criteria consistent with the Agreement's principles, based on data available in the country of importation.