Definition of customs value in English English dictionary
The value assigned to merchandise at the time of entry It is used as the basis for assessing the amount of duty and taxes owed and for other purposes It can be calculated in a number of ways, but the preferred method of valuation is transaction value
is the value of imports as appraised by the U S Customs Service and is defined as the price actually paid or payable for the merchandise when sold for exportation to the United States, excluding duties, freight, insurance or other charges
The value of imported goods as assessed by the Customs Authorities accourding to the legislation of the importing country This may be based on the actual value but, in certain cases, may be a notional value In many countries this value relates to the CIF cost of the goods, but some (EG: Australia) relate to point of export or FOB costs
The worth of an item or group of items expressed in a monetary amount, within a consignment declared to Customs for duty and statistical reasons
The value of imported goods as assessed by the Customs Authorities according to the legislation of the importing country This may be based on the actual value but, in certain cases, may be a notional value In many countries this value relates to the CIF cost of the goods, but some (E G : Australia) relate to point of export or FOB costs