CFSP14350 - Processing the application: valuation
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
For CFSP, the valuation statement may be a General Valuation Statement (C109A) (GVS - possibly also covering goods outside of CFSP) or a C105A. As a trade facilitation measure, CFSP traders will only need to provide a C105A or a C109A if specifically requested by Customs. It is expected that a valuation statement will only be required in exceptional circumstances (eg if confirmation of the trading relationship or value is required by an assurance officer). A valuation statement should then be produced.
Currently it is the responsibility of importers to declare to Customs situations that may affect the basis of value of the imported goods. Valuation rulings are issued by assurance staff for cases where additions or deductions to the transaction value are required or where another valuation method is appropriate (eg because the price of the goods is influenced by a relationship). These procedures also apply to CFSP traders.
In box 44 of the SD, all CFSP traders must enter:
- document code N934 or 9200 (depending on the valuation method used)
- status code ‘JE’
- the document details
irrespective of whether any rulings have been given, to show that the valuation declaration is available but not attached.