Other customs systems: diversion to free circulation (valuation)
If the goods are diverted to free circulation, the normal valuation rules apply. Where the goods have been sold at the time of diversion, the actual selling price will normally provide an acceptable basis of value under Method 1. Adjustments to the price are to be made, where applicable, under Articles 71 and 72 of the Code. In the absence of a sale, the carnet value may be accepted as the customs value under Method 6.
In cases where a transaction value is established which differs from the carnet value, the CCU will accept a value on the basis of the transaction value providing that:
- a reasonable explanation for the difference is received and
- the difference is less than either £1,300 or 10% of the carnet value. The difference cannot exceed £6,000.
All other cases are to be referred by the CCU to the Valuation Unit of Expertise for advice on an acceptable customs value. Any such cases are to be dealt with under the normal valuation rules, with the declared values being verified as necessary.