GlossaryEN1 min readUpdated: Jun 26, 2026
EU Customs Valuation
At the point of import into the EU, customs authorities establish the customs value – the taxable base on which import duties, VAT, and other charges are assessed.
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Source: https://taxation-customs.ec.europa.eu/customs-4/union-customs-code_en
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Definition & Explanation
At the point of import into the EU, customs authorities establish the customs value – the taxable base on which import duties, VAT, and other charges are assessed. EU customs valuation is governed by the WTO Customs Valuation Agreement, incorporated into domestic law through the Union Customs Code (UCC). The transaction value method takes precedence: the price actually paid or payable for the goods, adjusted where necessary to include costs such as commissions, royalties, or transport to the EU frontier. Where a transaction value cannot be determined, authorities apply fallback methods in prescribed order – the value of identical or similar goods, the deductive value, or the computed value. For declarants and freight forwarders, correct valuation is a daily operational requirement; undervaluation or misstatement exposes importers to post-clearance duty recovery, penalties, and – where intent is proven – criminal proceedings.
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