Other customs systems: revision of values
Values may be adjusted where the goods are:
- lost - If some of the goods have been lost before entry to free circulation, the price actually paid or payable may be apportioned to take account of any loss (Article 145 of the CCIP refers)
- destroyed or damaged in customs warehouse - If goods are proved to have been destroyed or damaged apportionment of the total price between the destroyed or damaged goods and the remainder is allowable. This equally applies when goods are ‘garbled’ (that is, sound goods are separated from goods that have been damaged or have deteriorated) (Article 145 of the CCIP refers) or
- price reductions granted by the supplier/seller - If, before entry of the goods to free circulation, the declarant claims that the price paid or payable has been reduced by the supplier/seller who is not related to the declarant, a revised value is acceptable providing it is supported by satisfactory evidence. In the case of related parties it is necessary to consider whether the price reduction is influenced by the relationship or stems from contractual arrangements in place at the time of entry to free circulation of the goods to be valued.