{"@context":"https://schema.org","@type":"DefinedTerm","name":"Customs valuation procedure","description":"Customs authorities worldwide apply the customs valuation procedure to establish the dutiable value of imported goods under a shared legal framework. The governing instrument is the WTO Agreement on Customs Valuation (Article VII GATT 1994), which prescribes a mandatory hierarchy of six methods. Transaction value – the price actually paid or payable for the goods – takes precedence. Where it cannot be used, five fallback methods apply in sequence: transaction value of identical goods, transactio","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/customs-valuation-procedure","inLanguage":"en","dateModified":"2026-06-22T17:47:38.685311","citation":"https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/customs-valuation-procedure","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Customs valuation procedure · Customs authorities worldwide apply the customs valuation procedure to establish the dutiable value of imported goods under a shared legal framework. · Quelle: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm"}