Transaction value principle: customs value equals transaction value, adjusted by valuation factors and subject to verification. The customs value of imported goods is the transaction value - the price actually paid or payable - after permitted adjustments by valuation factors, and contingent on compliance with specified valuation conditions and Customs being satisfied as to the truth and accuracy of the declared value.
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Transaction value principle: customs value equals transaction value, adjusted by valuation factors and subject to verification.
The customs value of imported goods is the transaction value - the price actually paid or payable - after permitted adjustments by valuation factors, and contingent on compliance with specified valuation conditions and Customs being satisfied as to the truth and accuracy of the declared value.
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