Valuation
Customs Valuation: Data to Prepare Before Goods Arrive
A practical overview of invoice value, freight, insurance, free-of-charge goods and other information that may affect declaration review.
Start with the commercial transaction
Prepare the invoice, currency, payment terms, Incoterms rule and relationship between buyer and seller. If the goods are replacements, samples, gifts, returns or free-of-charge items, explain the commercial basis instead of using a nominal value without support.
Separate value components
Freight, insurance, assists, commissions and other charges may need to be considered depending on the transaction and declaration basis. Keep supporting calculations and transport-cost evidence with the shipment file.
Escalate unusual arrangements
Related-party sales, multiple sales before import, repairs, rentals and temporary movements can require additional analysis. Identify these facts early so the declaration is not treated as a routine purchase when it is not.
