Customs valuation: Amendments clarify costs includible up to place of importation and exclude certain loading charges. The amendment defines 'place of importation' as the customs station where goods are cleared or warehoused and provides that transaction value includes costs incurred up to that place. Loading, unloading and handling charges incurred at or after the place of importation are excluded from CIF value; only charges incurred to deliver goods to the place of importation are includible. The rules clarify computation of freight and insurance where only aggregate FOB-plus amounts are known and exclude domestic transshipment costs from transaction value.
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Customs valuation: Amendments clarify costs includible up to place of importation and exclude certain loading charges.
The amendment defines "place of importation" as the customs station where goods are cleared or warehoused and provides that transaction value includes costs incurred up to that place. Loading, unloading and handling charges incurred at or after the place of importation are excluded from CIF value; only charges incurred to deliver goods to the place of importation are includible. The rules clarify computation of freight and insurance where only aggregate FOB-plus amounts are known and exclude domestic transshipment costs from transaction value.
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