Importers Encouraged to Apply for Advance Ruling on Customs Valuation to Avoid Disputes

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.

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.