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HMRC internal manual

Guidance on the Audit of Customs Values

Other customs systems: sales in warehouse

When goods which have been sold in customs warehouse are removed, the new owner will usually declare the buying price of the goods.

However, any of the prices paid by any buyer before entry of the goods into free circulation can be used by declarants provided they can attest to all the facts surrounding the chosen sale and provided the goods were destined for export to the EU at the time of the sale used.

Where an acceptable sale takes place before entry of the goods to free circulation, the customs value must be based on that sale under Method 1 in preference to any alternative method of valuation (Article 74 of the Code refers).