{"@context":"https://schema.org","@type":"DefinedTerm","name":"customs valuation system","description":"The moment a shipment crosses a customs frontier, the customs valuation system determines which value of the goods serves as the basis for calculating import duties. The system is hierarchical: the first tier is transaction value – the price actually paid between an independent buyer and seller. If that value cannot be established or is not accepted, a mandatory sequence of fallback methods applies – the value of identical or similar goods, the deductive method based on resale prices in the coun","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-system","inLanguage":"en","dateModified":"2026-06-22T17:46:20.325994","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-system","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"customs valuation system · The moment a shipment crosses a customs frontier, the customs valuation system determines which value of the goods serves as the basis for calculating import duties. · Quelle: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm"}