Determine dutiable value using the transaction value method and apply the correct WTO valuation approach

domain: logistics-general · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Establish the transaction value as the price actually paid or payable for the goods when sold for export to the importing country
  2. Add any dutiable additions to transaction value: selling commissions, assists, royalties related to the goods, packing costs, and proceeds of resale that accrue to the seller
  3. Verify that no conditions or restrictions affecting the buyer's use of the goods invalidate transaction value as the primary method
  4. If transaction value cannot be used, proceed through the hierarchy of alternative valuation methods (identical goods, similar goods, deductive, computed, fallback) in order
  5. Document the chosen valuation method and supporting evidence in the entry file
  6. Disclose any related-party relationship between buyer and seller and be prepared to demonstrate the relationship did not influence the price

Known gotchas

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