{"id":460,"date":"2019-08-20T14:36:08","date_gmt":"2019-08-20T20:36:08","guid":{"rendered":"https:\/\/royal-courier.com\/how-the-customs-value-determined\/"},"modified":"2019-08-20T14:36:08","modified_gmt":"2019-08-20T20:36:08","slug":"how-the-customs-value-determined","status":"publish","type":"post","link":"https:\/\/royal-courier.com\/en\/how-the-customs-value-determined\/","title":{"rendered":"What is it and how the customs value determined?"},"content":{"rendered":"<p><span style=\"\\\"color:\" #000000;\\\">The <span style=\"\\\"color:\" #ad000a;\\\"><strong>customs value<\/strong><\/span> is the total value derived from all items that are sent, this determines the import duties to be paid who acquires shipping,\u00a0 is the value per transaction.<\/span><\/p>\n<h2><strong><span style=\"\\\"color:\" #ad000a;\\\">How the customs value determined?<\/span><\/strong><\/h2>\n<p><span style=\"\\\"color:\" #000000;\\\">The <span style=\"\\\"color:\" #ad000a;\\\"><strong>World Trade Organization<\/strong><\/span>, states in <span style=\"\\\"color:\" #ad000a;\\\"><strong>agreement on customs valuation<\/strong><\/span>, a neutral system that conforms to the current realities of foreign trade. This agreement establishes that as a basic principle:<\/span><\/p>\n<h3 style=\"\\\"text-align:\" center;\\\"><span style=\"\\\"color:\" #ad000a;\\\">\\&#8221;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.\\&#8221;<\/span><\/h3>\n<p><span style=\"\\\"color:\" #ad000a;\\\"><strong>The settings listed in Article 8 are:<\/strong><\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Commissions and expenses remuneration received by a broker or agent for service (brokerage).<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Cost of packagings and related costs.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Certain services.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Canons and licensing rights.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Subsequent benefits.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Cost of Insurance, transport cost and related services caused by it to the place of importation.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Expenses incurred after importation.<\/span><\/p>\n<h2><span style=\"\\\"color:\" #ad000a;\\\"><strong>Additional methods for determining customs value<\/strong><\/span><\/h2>\n<p><span style=\"\\\"color:\" #000000;\\\">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:<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><span style=\"\\\"color:\" #ad000a;\\\"><strong><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Transaction value.<\/strong><\/span> The price paid or full payment to pay for imported goods that make a buyer to the seller.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><span style=\"\\\"color:\" #ad000a;\\\"><strong><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Transaction value of identical goods. <\/strong><\/span>Provided they are equal in all aspects, both physical characteristics such as quality and reputation, among other things.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><strong><span style=\"\\\"color:\" #ad000a;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Transaction value of similar goods.<\/span> <\/strong>When they are very similar to the goods being valued, regarding its composition and characteristics, in addition to complying with the same functions, among other things.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><span style=\"\\\"color:\" #ad000a;\\\"><strong><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Deductive value. <\/strong><\/span>If you can not determine the transaction value of the imported goods or identical or similar goods, determined with the unit price that will be sold, or based on similar to them in the country of importation.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><strong><span style=\"\\\"color:\" #ad000a;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Constructed value.<\/span> <\/strong>It is the sum of the cost of production, ie it should include the value of materials, from raw materials, the place of production to manufacturing costs as labor.<\/span><\/p>\n<p><span style=\"\\\"color:\" #000000;\\\"><strong><span style=\"\\\"color:\" #ad000a;\\\"><img class=\"\\\"alignnone\" wp-image-731\\\" src=\"\\\"http:> Method of last resort.<\/span> <\/strong>the value according to reasonable means consistent with the principles and general provisions of this Agreement and Article VII of the General Agreement on Tariffs and Trade (GATT) 1994 is determined.<\/span><\/p>\n<h4 style=\"\\\"text-align:\" center;\\\"><span style=\"\\\"color:\" #ad000a;\\\">Royal Courier, imports and exports international<\/span><\/h4>\n<p><a href=\"\/en\/\"http:><img class=\"\\\"aligncenter\" wp-image-727 size-full\\\" src=\"\\\"http:><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The customs value is the total value derived from all items that are sent, this determines the import duties to [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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