When an importer pays licence fees or royalties to a brand owner as a condition of selling or using the imported goods, those payments may need to be added to the transaction price for customs purposes.
Source: https://www.wcoomd.org/en/topics/valuation/overview/what-is-customs-valuation.aspx
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.