Value adjustments

Customs value

Principles for classifying a product in the Harmonized System.

Value adjustments are essential for accurately determining the customs value of imported goods. They consist of additions or deductions applied to the initial transaction price to faithfully reflect the economic value of the goods.

Why are value adjustments important?

These adjustments ensure that the declared value complies with international customs regulations, notably those of the World Customs Organization (WCO). Correct evaluation avoids penalties and facilitates customs clearance.

Types of adjustments

  1. Additions: These include elements such as transportation costs, insurance, and sales commissions that are not initially included in the purchase price.

  2. Deductions: These may concern trade discounts, rebates, or transportation costs already paid by the buyer.

Practical tips

  • Document everything: Keep written evidence of all additional costs or reductions applied.
  • Consult an expert: Rules may vary by country, so it is advisable to consult a customs specialist to avoid errors.

Additional resources

For more information, visit the WCO website or your country's customs guidelines for specific details on value adjustments.