How is the value of goods determined for customs purposes?

Modified on Wed, 15 Mar 2023 at 10:59 AM

The value of goods for customs purposes is typically based on the sale price of the goods, but may also include other elements such as commissions, royalties, and packing costs. 

Customs authorities may use a variety of methods to determine the value of goods, including the transaction value method, the deductive value method, and the computed value method.

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