Valuation
Fallback Valuation Method
The sixth method allowing value determination using reasonable criteria compatible with WTO principles. Prohibits arbitrary values, fictitious prices, minimum prices, or domestic market prices.
The sixth method allowing value determination using reasonable criteria compatible with WTO principles. Prohibits arbitrary values, fictitious prices, minimum prices, or domestic market prices.
Applied when the five prior methods do not work. Uses reasonable and flexible criteria. Prohibits using exporter domestic prices, fictitious values, or minimum prices.
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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.
ValuationCustoms Valuation Method
A procedure established by the WTO Valuation Agreement for determining customs value, applied hierarchically: transaction value, identical goods, similar goods, deductive, computed, and fallback.
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.