{"@context":"https://schema.org","@type":"DefinedTerm","name":"customs value adjustment","description":"When an importer discovers after clearance that the declared transaction price was incorrect—due to retrospective volume rebates, omitted royalties, or use of the wrong Incoterm—a customs value adjustment is required. It corrects the originally declared customs value to reflect the accurate dutiable amount, in compliance with WTO customs valuation rules. FOB and CIF terms produce different dutiable values because of the freight and insurance costs included in each, making Incoterm errors a frequ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/customs-value-adjustment","inLanguage":"en","dateModified":"2026-06-26T15:27:31.141462","citation":"https://ec.europa.eu/taxation_customs/business/calculation-customs-dvat/valuation-customs_en","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/customs-value-adjustment","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"customs value adjustment · When an importer discovers after clearance that the declared transaction price was incorrect—due to retrospective volume rebates, omitted royalties, or use of the wrong Incoterm—a customs value adjustment is required. · Quelle: https://ec.europa.eu/taxation_customs/business/calculation-customs-dvat/valuation-customs_en"}