Valuation
Provisional Declared Value
Estimated customs value declared when the definitive price of goods is not known at the time of clearance.
Estimated customs value declared when the definitive price of goods is not known at the time of clearance.
When the final price depends on factors like quality verified upon arrival, stock exchange quotations, or pending royalty calculations, a provisional value may be declared subject to subsequent adjustment.
Transaction 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.
ValuationCustoms Value Adjustments
Modifications to the price paid or payable that must be added or subtracted to determine the transaction value of goods.