How is the customs value determined?

How is the customs value determined?

To determine the value to be paid at customs it is important to know what are the elements that make up it as it is one of the most important values in the importation of goods; It is the starting point for the determination and settlement of foreign trade taxes.


The WTO (World Trade Organization) determines that

"Customs valuation must be based, except in certain cases, on the actual price of the goods under valuation, which is usually indicated on the invoice. This price, plus adjustments for certain elements listed in Article 8, is equivalent to the transaction value, which is the first and main method referred to in the Agreement."

The settings listed in Article 8 are:

Fees and brokerage fees, except purchase fees.

Cost of packaging and related costs.

Certain services.

Canons and licensing rights.

Subsequent benefits.

Cost of insurance, transport costs and related services incurred by it to the place of importation – if the Member bases the assessment on the CIF cost.

Expenses incurred after importation.


Customs value: The customs value can be defined as the taxable basis on which the customs duties payable when applying the tariff rate will be calculated.




The customs value and its determination are governed by Articles 69 to 76 of the Union Customs Code and Articles 127 to 146 of the Implementing Regulation.

In other words, the total value of all items in your shipment determines the import duties to be paid by the package recipient.

Customs Value – A + B + C

A: Price paid or payable (the amount of direct payments, consideration or indirect payments, commonly called Retail Value)

B: Increased adjustments (the amount paid for commissions, freight and insurance, loading and unloading, materials contributed, technology provided, royalties and reversals)

C: Not incrementable (it will record the various expenses that are made later, such as unrelated expenses, freight and insurance, construction expenses, facilities, assembly, contributions and dividends).

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