Valuation
Fallback value (Method 6)
Sixth and last method applying flexible criteria based on WTO Valuation Agreement principles. Cannot be based on minimum prices or arbitrary values.
Sixth and last method applying flexible criteria based on WTO Valuation Agreement principles. Cannot be based on minimum prices or arbitrary values.
Sixth and last method applying flexible criteria based on WTO Valuation Agreement principles. Cannot be based on minimum prices or arbitrary values.
Fallback 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.
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.
RegulationsWTO Valuation Agreement
A multilateral treaty establishing uniform methods for determining the customs value of imported goods, based on the transaction value.
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.