Transaction value of identical or similar goods
Also called: identical goods method · similar goods method
The second and third valuation methods, which use the accepted transaction value of identical goods, or failing that similar goods, sold for export to the same country at or about the same time. Identical goods are the same in all respects; similar goods have like characteristics and are commercially interchangeable.
In practice
Customs databases of earlier import values are often used under these methods, so importers should be ready to show why comparisons do not fit.
EU
Türkiye
UK
USARelated terms
- Secondary valuation methods
- Methods used when transaction value cannot be applied, in a fixed order: the value of identical goods, the value of similar goods, a deductive value…
- Transaction value
- The price actually paid or payable for goods when sold for export to the importing country, adjusted for items such as commissions, packing, assists,…
- Deductive value method
- A secondary valuation method that starts from the price at which the imported goods, or identical or similar goods, are sold in the importing country…