GlossaryEN1 min readUpdated: Jun 12, 2026

customs value refund

A customs value refund differs from a general duty refund in that it specifically addresses the customs value assessment itself—not merely duties already paid.

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Last updated: 12 June 2026Published: 27 January 2026

Source: https://en.wikipedia.org/wiki/Duty_drawback

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Definition & Explanation

A customs value refund differs from a general duty refund in that it specifically addresses the customs value assessment itself—not merely duties already paid. It applies when goods are found to have been overvalued, for example because price discounts were not applied, ancillary costs were double-counted, or a new value was established following an appeal. The authority then refunds not only the customs value difference but also overpaid duties, taxes, and fees based on that difference. A customs value refund is often a prerequisite or component of duty drawback procedures in the context of re-exports.

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customs value refund

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Related Terms

import tax deferral refund

VAT input tax refund

statute of limitations for input tax refund

import duties refund

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