Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Guidance on the Audit of Customs Values

From
HM Revenue & Customs
Updated
, see all updates

Introduction: background

The current valuation rules stem from WTO Valuation Agreement and are enshrined in the EC legislation. This legislation is directly applicable as law in the UK.

The EC (and the UK as a Member State) adopted and implemented the current rules on 1 July 1980.

Briefly the Agreement requires that the customs value of imported goods is determined using one of the six methods of valuation. These methods are detailed in GACV02000 onwards.