Valuation
Customs Reference Prices
Price database used by customs authorities as reference to detect undervaluation in imports.
Price database used by customs authorities as reference to detect undervaluation in imports.
Reference prices are a risk management tool authorities use to compare declared prices against market values and detect potential undervaluation.
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.
ValuationCustoms Undervaluation
The illegal practice of declaring customs value below the actual price to reduce duties. A serious infraction with fines of 130-150% of omitted duties, seizure, and possible 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.