{"@context":"https://schema.org","@type":"DefinedTerm","name":"Customs valuation","description":"Customs valuation is the process by which customs authorities determine the taxable value of imported goods as the basis for calculating duties, import taxes, and other charges. Under the WTO Customs Valuation Agreement, the transaction value—the price actually paid or payable by the buyer to the seller—serves as the primary method. Where no reliable transaction value can be established, a mandatory hierarchy of fallback methods applies: identical goods value, similar goods value, 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","inLanguage":"en","dateModified":"2026-06-26T16:18:43.730151","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","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Customs valuation · Customs valuation is the process by which customs authorities determine the taxable value of imported goods as the basis for calculating duties, import taxes, and other charges. · Quelle: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm"}