{"@context":"https://schema.org","@type":"DefinedTerm","name":"Customs Value Declaration","description":"Unlike the purchase price alone – which merely reflects the invoice amount – customs value is the authoritative basis for calculating import duties, import VAT, and other charges. The starting point is the transaction value: the price actually paid or payable for the goods. Under the WTO Customs Valuation Agreement, specific costs are added to that price, including freight to the point of importation, insurance premiums, and commissions not already included in the purchase price. Where no invoic","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-declaration","inLanguage":"en","dateModified":"2026-06-26T13:21:06.629785","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-declaration","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Customs Value Declaration · Unlike the purchase price alone – which merely reflects the invoice amount – customs value is the authoritative basis for calculating import duties, import VAT, and other charges. · Quelle: https://www.wcoomd.org/en/topics/valuation/overview/what-is-customs-valuation.aspx"}