GlossaryEN1 min readUpdated: Jun 26, 2026
Customs value management
Customs value management comprises all coordinated internal processes for determining, documenting, and verifying the customs value of goods at the point of importation.
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Source: https://www.zoll.de/DE/Fachthemen/Steuern/Einfuhrumsatzsteuer/Zollwert/zollwert_node.html
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Definition & Explanation
Customs value management comprises all coordinated internal processes for determining, documenting, and verifying the customs value of goods at the point of importation. The customs value forms the basis for calculating import duties and import VAT, governed primarily by the WTO Customs Valuation Agreement and implemented in the EU through the Union Customs Code. Importers, customs brokers, and freight forwarders must accurately capture and substantiate all value-relevant components – transaction value, freight, insurance, royalties, and commissions. Inadequate practices lead to back-duty assessments, interest charges, and heightened audit exposure; robust management shortens clearance times and reduces compliance costs. The term goes beyond mere valuation: it encompasses internal controls, staff training, and periodic audits of the valuation procedures in place.
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