Secondary valuation methods
Also called: fallback methods · alternative 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 worked back from the resale price, a computed value built up from production costs, and finally a reasonable fall-back method. The importer may ask to reverse the deductive and computed steps in many jurisdictions.
In practice
Consignments without a sale, such as free samples, leased goods or intra-company transfers without a price, need one of these methods to be documented.
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…
- 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,…