Transaction value
Also called: first method of valuation · işlem değeri
The price actually paid or payable for goods when sold for export to the importing country, adjusted for items such as commissions, packing, assists, royalties and transport costs as the law requires. It can only be used when there is a genuine sale, no unacceptable restrictions, and any relationship between the parties has not influenced the price.
In practice
Most goods are valued this way, and audits concentrate on whether all payments to the seller, including those made outside the invoice, were included.
EU
Türkiye
USA
UKRelated 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…
- 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…
- Related parties
- Buyer and seller who are linked, for example through ownership, control, employment or family ties. Transaction value may still be used between them,…
- First sale for export
- A valuation approach in which duty is based on the price of an earlier sale in a chain, typically from manufacturer to middleman, rather than the…