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CusValuation RCED

 

CusVal RCED

Customs Valuation (price) for imported goods is based on the agreed WTO Valuation Code. The valuation is made in accordance with the following methods:

  • Method 1: Transaction Value
  • Method 2: Similar Goods 
  • Method 3: Identical Goods 
  • Method 4: Deductive Value 
  • Method 5: Computed Value
  • Method 6: Flexible and Reasonable Method

Customs used rule or method hierarchically and not otherwise, for example, if Method 1 failed to obtain the actual value (price) then Method 2 will be used and so forth.

 

 

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