Customs valuation is the process of determining the value of imported goods. This, for the purpose of assessing customs duties and taxes. The value of the goods is the basis for calculating the amount of duty and tax. This Quick Guide to Customs Valuation introduced the rules and principles governing the value of the goodsContinue reading “a Quick Guide to Customs Valuation”
The UK post-Brexit Customs Code dealing with Customs valuation has been updated. The updates covers the type of evidence required to support the determination as well as the use of a method of valuation.