When an importer files an entry with customs, the declared price – what was actually paid or is payable to the seller – constitutes the actual value.
Source: https://www.wto.org/english/tratop_e/cusval_e/cusval_e.htm
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.