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Course ID: OC6

Customs Valuation

The course teaches students on Customs value. It teaches students about the Customs Valuation Agreement and how to handle circumstances and activities in customs valuation, including all six valuation methods with an emphasis on transaction value. 

For customs reasons, all products must be accurately priced, regardless of whether they are sales, returns, temporary movements, or free of charge. During this course, the precise standards outlined in the WTO Valuation Agreement and applied into national legislation will be clarified, as will the distinction between intercompany pricing and customs valuation. It will demonstrate how to construct pricing for import customs purposes, including which charges must be included and which may be omitted.


What is the customs value?

History of Customs Valuation & Types

CV and the WTO Trade Facilitation Agreement

The impact of CV on International Trade:

How CV impacts customs duties, statistics, and tariff and non-tariff measures.

Impact of CV on Customs Duty Bound tariffs, applied tariffs, Most Favoured Nation (MFN), preferential rates, national price databases

The WTO Customs Valuation Agreement Explained

Example of national customs valuation agreements (based on the nationality of the participating audience)

Costs to be included in the Transaction value for customs purposes

“Assists” and “adjustments”

 Costs that can be removed for customs purposes

Related Party Transactions: The “Arm's Length Principle”, includes a comparison to transfer pricing for taxation purposes and the OECD Guidelines

How to record customs value in the customs declaration?

Valuation Method 2-6

Comparable Value 1 - Identical Goods Price

Comparable Value 2 - Similar Goods Price

Deductive Method

Computed Methods

Fall Back Method

WCO Customs Value Compendium

Valuation Court Cases

Verifying the accuracy of valuations in customs audits. 

Customs Valuation: CV
Customs Valuation: List
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