- Importers can apply for an advance ruling on customs valuation if they have questions about expenses to be added to customs value.
- This helps avoid recoverable duties or investigations due to undeclared expenses.
- Customs value is based on the transaction value, which is the total amount paid or payable for imported goods.
- Expenses like commissions, brokerage, design fees, and royalties must be included in the customs value.
- Underreporting these expenses can lead to recoverable duties.
- Importers should apply for an advance ruling before importing goods by completing an application form and submitting supporting documents.
- The advance ruling is valid for three years.
- This process reduces disputes, helps estimate costs, minimizes appeals, and speeds up customs clearance.
- Importers are encouraged to use this service and can contact Customs Administration for more information.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
