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
Transaction value. Definition
It is the main customs valuation method.
It is the price actually paid or payable for the goods when they are sold for export to the customs territory of the Union, adjusted, if applicable.
The transaction value will be applied provided the following conditions are met:
- that there are no restrictions on the use or disposal of the goods by the buyer
- that neither the sale nor the price are subject to conditions or considerations that prevent determining the value of the merchandise to be valued,
- that none of the benefits derived from the resale, transfer or subsequent use of the goods by the buyer pass directly or indirectly on the seller, unless the value can be appropriately adjusted
- that there is no relationship between buyer and seller or the relationship has no influence on the price
From the definition of the transaction value it follows that in order to apply the transaction value method as a valuation method it is necessary that there is a sale and that this sale has been for export to the customs territory of the Union , which means, first of all, excluding those transactions that are not.
There is no sale when free supplies are made (gifts, donations, samples, etc.), goods imported in execution of a rental or leasing contract, goods delivered on loan that remain the property of the consignor, etc.
In these cases we will have to resort to methods other than the transaction value method.
The sale must also be made for export to the customs territory of the Union , without the place of residence of the seller being relevant, which can be in any country, even in the country of import.