Academy
Become familiar with the role of the WTO Valuation Committee and the WCO Technical Committee on Customs Valuation. Understand the rules that administrations of countries which are signatories to the Agreement must follow. A quiz is also included to test your knowledge.
This course will help you understand the general rules relating to the application of Articles 9 to 17 of the Agreement. A quiz is also included to test your knowledge.
This module presents how to apply the fallback method of valuation. A quiz is also included to test your knowledge.
This module will help you become familiar with the principles for applying the second and third valuation methods. A quiz is also included to test your knowledge.
Two modules on the First Method (Article 1, Article 8) will help you become familiar with and understand the concept of transaction value, i.e. how to determine the price actually paid or payable. Also, various elements which must be added to the price actually paid or payable as well as those that WCO Members may choose to include or exclude are presented. A quiz is also included to test your knowledge.
This module will help you understand the concept of Customs valuation and the foundations and structure of the WTO Agreement. A quiz is also included to test your knowledge.
Customs value constitutes the basis for the assessment of Customs duties and taxes. A lack of knowledge often results in the submission of declarations with incorrect Customs values because all the elements necessary for their determination were not taken into consideration. When such incorrect declarations are identified during Customs valuation control process, adjustments are made to the declared value with an additional assessment of duties and taxes and sometimes penalties.
Customs value constitutes the basis for the assessment of Customs duties and taxes. A lack of knowledge often results in the submission of declarations with incorrect Customs values because all the elements necessary for their determination were not taken into consideration. When such incorrect declarations are identified during Customs valuation control process, adjustments are made to the declared value with an additional assessment of duties and taxes and sometimes penalties.
