The customs value is the total value derived from all items that are sent, this determines the import duties to be paid who acquires shipping, is the value per transaction.
How the customs value determined?
The World Trade Organization, states in agreement on customs valuation, a neutral system that conforms to the current realities of foreign trade; This agreement establishes that as a basic principle:
“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.”
There are six methods that can be used in case there is no transaction value or the transaction value is not acceptable as customs value, as a result of the price has been distorted by certain conditions; which are: