{"@context":"https://schema.org","@type":"DefinedTerm","name":"customs value assessment","description":"Reliable customs clearance starts with correctly establishing what goods are worth for duty purposes—that is the function of customs value assessment. The customs authority uses it to fix the taxable base on which import duties, VAT and other charges are calculated. Under the WTO Customs Valuation Agreement and EU customs legislation, the transaction value takes precedence: the price actually paid or payable, adjusted for prescribed additions such as freight costs to the point of entry into the ","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-assessment-2","inLanguage":"en","dateModified":"2026-06-26T15:19:40.186504","citation":"https://www.wcoomd.org/en/topics/valuation/overview/what-is-customs-valuation.aspx","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/customs-value-assessment-2","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"customs value assessment · Reliable customs clearance starts with correctly establishing what goods are worth for duty purposes—that is the function of customs value assessment. · Quelle: https://www.wcoomd.org/en/topics/valuation/overview/what-is-customs-valuation.aspx"}