Post-importation costs
Also called: deductions from customs value · non-dutiable charges
Costs that are excluded from customs value if shown separately from the price, such as transport after arrival in the customs territory, construction or assembly after import, import duties and taxes, and certain financing charges. In the US, international freight and insurance are also excluded because value is on an FOB basis.
In practice
Separating these costs clearly on the invoice is required to exclude them; otherwise duty is charged on the full amount.
EU
Türkiye
UK
USARelated terms
- Customs value
- The value of imported goods on which ad valorem duties are calculated. Almost all countries follow the WTO Customs Valuation Agreement, under which…
- 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,…
- CIF (valuation basis)
- As a valuation basis, CIF means the price of the goods plus the cost of insurance and transport up to the place where goods enter the customs…
- FOB (valuation basis)
- As a valuation basis, FOB means the value of goods loaded on board at the port of export, without international freight and insurance. The United…