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Customs – Valuation of Imports

Customs – Valuation of Imports

1 August 2022 – The Valuation of Imports Policy has been revised to give effect to additional benefits for accredited clients.

Applications for value determinations submitted by accredited clients will be expedited provided that the accreditation letter is attached to the application.  The Valuation of Imports documents have also been reorganised for a more logical process and to show integration with the declaration process.

The Method 1 Valuation of Imports policy has also been updated to include verification of international freight paid to the carrier or shipping line in terms of Commentary 21.1 read with Article 8.3 and Article 17 of the WTO Valuation Agreement.

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