Valuation
Trade Discount
A price reduction for volume, prompt payment, or other conditions. Accepted in valuation if on the invoice, a normal sector practice, and available to any buyer under the same conditions.
A price reduction for volume, prompt payment, or other conditions. Accepted in valuation if on the invoice, a normal sector practice, and available to any buyer under the same conditions.
Price reduction as normal commercial practice. Must be on the invoice, correspond to sector norms, and be available to any buyer meeting the same conditions.
Price 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.
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.
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.
DocumentsCommercial Invoice
Document issued by the seller/exporter describing the goods sold, their price, terms of sale, and details of the parties involved.