The EU intends to include decisions on binding valuation information in the EU customs regulations.
The customs value is an essential part of every customs declaration and has a direct impact on customs duties and import sales tax. It is determined according to the customs value principles of Art. 69 et seq. UZK and must be specified for each individual item. Furthermore, certain additions and deductions of Art. 71 and 72 UZK must be taken into account. Difficulties in determining specific customs values are not uncommon in practice and it always depends on the individual case.
Source: awb-international.de
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