# customs value discrepancy

*Last updated: 2026-06-18*

> A customs value discrepancy arises when authorities identify a gap between the declared customs value and the actual or permissible value established through official assessment.

A customs value discrepancy arises when authorities identify a gap between the declared customs value and the actual or permissible value established through official assessment. Discrepancies typically surface during post-clearance audits, document reviews, or targeted physical inspections. The consequences vary with cause and scale: calculation errors or incomplete documentation usually result in additional duty demands and amended declarations, while suspected systematic undervaluation can trigger penalty duties or criminal proceedings. For importers, thorough documentation of all value-relevant elements – transaction price, freight, insurance, and discounts – is the primary safeguard against discrepancies and their downstream effects.

**Source:** [https://www.wcoomd.org/](https://www.wcoomd.org/)

## Quick Facts

| Property | Value |
|---|---|
| Term | customs value discrepancy |
| Language | EN |
| Word count | 95 |
| Last updated | 2026-06-18 |
| Source | https://www.wcoomd.org/ |

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