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
Secondary valuation methods. When are they used and what are they?
In cases where the customs value cannot be determined using the transaction value, the customs valuation regulations provide for five secondary procedures to determine said value:
- Transaction value of identical goods.
- Transaction value of similar merchandise.
- Subtractive or deductive procedure (unit price).
- Additive or calculated value procedure.
- Procedure of last resort.
Note: These methods must be applied in the same order in which they are listed (except 3 and 4, which can be reversed).