Customs tariff based on commodity codes The customs value of imported goods is determined mainly for the purposes of applying ad valorem rates of customs duties. It is calculated on the basis of the goods classification and is the basis for customs duties. The customs tariff is essential to establish trade statistics and collect taxes...etc. Trough its publications, The WCO help you find the right classification for customs tariff purpose./by-category/valuation.html?SID=fc31b95a0d442a5af78e2ecd80a3c0c2?selected=cat7&submenu=3

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Valuation

The customs value of imported goods is determined mainly for the purposes of applying ad valorem rates of customs duties. It constitutes the taxable basis for customs duties. It is also an essential element for compiling trade statistics, monitoring quantitative restrictions, applying tariff preferences, and collecting national taxes.
The WTO Valuation agreement is the principal instrument for the practical application of the Customs Valuation.


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This publication assists in the practical application and interpretation of the WTO Valuation Agreement for all users, Customs administrations and valuation specialists or importers.

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Language: English
(also available in Français, Spanish)


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All the fundamental information about customs valuation is gathered on the online version of the Customs Valuation Compendium. This version allows the access to the texts of the WTO Valuation Agreement, as well as to the technical decisions taken by the Committee.

 

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The Compendium on Customs Valuation is also available on CD-Rom, in a convenient and user-friendly format that will give you a better understanding of the WTO Agreement on Customs Valuation.

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Language: English
(also available in Français, Spanish)


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This CD-ROM will help you:
- Appreciate the concerns raised by the business community with respect to inconsistent standards
- Gain a better understanding of how direct and indirect tax agencies value transfers of goods, services and intangibles between related parties or associated enterprises
- Get updated on the most recent initiatives of the OECD, the WCO and other international organisations on the conference topic
- Take cognisance of regional variations in the treatment of transfer pricing by direct tax, customs and VAT authorities

 

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Customs and related party transactions: Is it desirable/possible to converge Customs Valuation and Transfer Pricing?
For the first time, the WCO and the OECD have jointly organised an international conference that addresses the customs duty dimension of transfer pricing, bringing together the most authoritative and dynamic resources and specialists available in this field.

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A national valuation database is a risk assessment tool which may be used by a Customs Administration along with other risk tools to assess potential risk regarding the truth or accuracy of the declared Customs value for imported goods. The information in the database should be recent data reflecting the Customs value and other pertinent information for previously imported goods.

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This brochure provides a technical comparison of the two valuation systems. It identifies the similarities and the differences, but does not attempt any judgement or express any opinion on the respective advantages of the two systems. It is intended for administrations and fiscal experts dealing with international trade.

Published in 1999

 

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The WCO publications are available under different formats. Harmonized System, customs and counterfeiting and customs conventions: learn about all topics related to goods imports!