GlossaryEN1 min readUpdated: Jun 18, 2026
provision of customs value
When a shipment arrives at the border, providing accurate customs value information is the decisive step in clearing it without delay.
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Source: https://www.zoll.de/EN/Private-individuals/Import-and-export/Value-of-goods/Value-of-goods.html
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Passar Hub: Everything on the new Swiss customs system
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Definition & Explanation
When a shipment arrives at the border, providing accurate customs value information is the decisive step in clearing it without delay. The declarant—exporter, freight forwarder, or customs agent—submits to the customs authority all value-relevant data: purchase price, freight charges, insurance premium, and ancillary costs, enabling the authority to determine the duty-relevant value of the goods under applicable customs law. The transaction value method, prescribed as the primary approach under major customs codes such as the EU Union Customs Code, forms the legal backbone of this assessment. The provision is made via the customs declaration, supported by commercial invoices, bills of lading, insurance certificates, and other documentary evidence. Inaccurate or incomplete particulars lead to duty reassessments, financial penalties, or seizure of goods. Freight forwarders and customs brokers acting on behalf of importers or exporters bear direct responsibility for the accuracy of every value declared.
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Passar Hub: Everything on the new Swiss customs system
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