Value of goods
The customs value of goods will be the transaction value, i.e. purchase price plus delivery costs, at the time of entry into the EU. Find out their characteristics
Special cases. Financial leasing and used vehicles
Financial leasing contract
We are dealing with a special valuation assumption and, in this case, since there is no actual sale, the main valuation method, the transaction value, cannot be applied.
Therefore, it is necessary to resort to secondary valuation methods, in particular the so-called last resort , provided for in Articles 74.3 of the Union Customs Code and 144 of Implementing Regulation 2447/2015.
Instruction 1/2004, dated February 27, of the General Directorate of the State Agency for Tax Administration, on customs valuation of goods ( BOE number 63, dated March 13, 2004), contains in its Fourth Rule, section 5, a detailed exposition of the subject, including formulas and adjustments that allow determining the customs value of this kind of merchandise.
Used vehicles
It affects used vehicles classified as such in Chapter 87 of the Combined Nomenclature (see classify a good ); vehicles intended for specialized use are excluded, as well as vintage or collector models , to which the general regulations will apply.
The assessment rule is different depending on the situations that occur: the import is an immediate consequence of a sale, there has been no immediate sale prior to the import, etc.