Customs valuation

Updates: Customs valuation

2026

14 April 2026

Method 1 - Transaction value

More information added under 'Transport costs included in the total freight charge' about the calculation methods used.

Advance valuation rulings

Information added under 'What an advance valuation ruling is' section with more information about AVRs and a link to the application process.

2025

3 September 2025

Method 1 - Transaction value

More information added to the Definition of royalties and licence fees.

25 June 2025

Introduction

New section added.

Method 1 - Transaction value

New section added.

Method 2 - Transaction value of identical goods

New section added.

Method 3 - Transaction value of similar goods

New section added.

Method 4 - Deductive method

New section added.

Method 5 - Computed method

New section added.

Method 6 - Fallback method

New section added.

Examples of identical goods

New section added.

Examples of similar goods

New section added.

Exchange rates

New section added.

Valuation documentation

New section added.

Customs warehousing

New section added.

Warranty, repairs and defective goods

New section added.

Retrospective price adjustments and price review clauses

New section added.

Free charge goods

New section added.

Rented or leased goods

New section added.

Second hand goods

New section added.

Valuation simplifications

New section added.

Advance valuation rulings

New section added.

Additional case studies of interest

New section added.

Incoterms

New section added.