{"@context":"https://schema.org","@type":"DefinedTerm","name":"customs valuation process","description":"When an importer submits a customs declaration, the customs valuation process begins: authorities must determine whether the price shown on the commercial invoice can serve as the basis for calculating import duties. The primary method is transaction value – the price actually paid or payable between an unrelated buyer and seller. If that value cannot be substantiated or appears distorted, a strict hierarchy of fallback methods applies: the value of identical or similar goods, the deductive valu","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-process","inLanguage":"en","dateModified":"2026-06-22T17:46:20.292502","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-process","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"customs valuation process · When an importer submits a customs declaration, the customs valuation process begins: authorities must determine whether the price shown on the commercial invoice can serve as the basis for calculating import duties. · Quelle: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm"}