Customs valuation now includes transport costs; declare freight, loading and handling or system applies default percentage. The amendment to Rule 10(2) makes transport, loading, unloading and handling costs part of the value of imported goods, and provides that where such costs are not ascertainable a default percentage of the free on board value will be applied. ICES will automatically apply that default percentage if freight, loading, unloading and handling charges are not declared individually; importers and customs brokers must declare those amounts or enter '0' for nil charges to avoid automatic valuation adjustments and potential action under the Customs Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs valuation now includes transport costs; declare freight, loading and handling or system applies default percentage.
The amendment to Rule 10(2) makes transport, loading, unloading and handling costs part of the value of imported goods, and provides that where such costs are not ascertainable a default percentage of the free on board value will be applied. ICES will automatically apply that default percentage if freight, loading, unloading and handling charges are not declared individually; importers and customs brokers must declare those amounts or enter '0' for nil charges to avoid automatic valuation adjustments and potential action under the Customs Act.
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