Customs Valuation Management differs from simple record-keeping as an active control function: it encompasses the systematic gathering, validation, and optimization of all data inputs—purchase price, freight, insurance, processing fees, rebates—that determine the dutiable value under WTO valuation rules and national customs law.
Source: https://www.wcoomd.org/en/topics/facilitation/instrument-and-tools/tools/customs-valuation.aspx
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