The process of customs value of the goods starts when you have received the purchase invoice of the goods. The final price is calculated based on all the export and import rates of the goods. The customs value of the goods is calculated and determined under the supervision of experts in this field. To learn more about this category, follow the text to the end.
How to value goods in customs
Most countries use standard methods to determine the customs value of goods and prevent fraud. Cumulative value or expected value is a common method of calculation. Experts in this field use information related to similar prices to determine the tariff and customs value of goods.
The import and export company pays attention to important factors to calculate the customs value of the goods. To know more about this company, you can read the related article. Among the important and influential factors in calculating the customs value of goods, the following can be mentioned:
- Product Type
The first factor that affects the customs value is the type of goods. Agricultural products, handicrafts and metal products have special tariffs and their customs value is calculated in a specialized way.
- transportation vehicle
The vehicle used to transport the goods plays an essential role in the calculation of the customs value of the goods. Planes, ships, trains and trucks each transport goods at a certain rate. Customs value is very important when importing a truck, for which you can read the provided article.
- Valuation method
Another factor that is considered in the customs valuation of goods is feedback method, cost method and liquidity balance method, each of which is calculated in a specific way.
- Commercial price of goods
The commercial price of goods plays a significant role in calculating their customs value. The original price of the goods may include taxes and customs duties. For this reason, the main price of goods is one of the sensitive points in customs activities.
- The source of the country of manufacture of goods
The country of manufacture is the main factor in calculating the customs value of goods. Some goods are branded and have more value due to their high quality and standards, and this can affect their customs value. In the import of Daf trucks, the manufacturer and brand are taken into consideration, and for more information on this topic, you should read the related article.
- Terms of trade
Among the other influential factors in calculating the customs value of goods, we can mention trade conditions such as transportation, packaging, export permit conditions, each of which is effective in valuation separately.
- Insurance
Insurance plays a significant role in calculating the customs value of goods. In order to reduce the risks and risks of transporting goods, it is necessary to insure the goods before moving them. Insurance is determined based on the type of goods. The maximum insurance is considered for the import of gold bars and you can read the article related to this issue.
- open an account
To calculate the customs value of goods, you need to register in the customs system and create an account. By opening an account, you will receive the necessary permits for export and import, and you can determine the customs value of the goods more easily.
The concept of CIF in customs value
The concept of CIF is very important in the valuation of goods in customs and it means cost, insurance and transportation. In international trade, concepts such as costs, insurance, packaging and transportation are used abundantly. The concept of CIF is widely used in determining the costs and responsibilities related to the transportation of goods from the seller to the buyer. Based on this concept, the seller is responsible for the cost and risk of transporting the goods to reach the final destination.
According to this plan, the seller is obliged to deliver the cargo to the nearest port and transport it to the desired destination of the buyer. This is an effective and cost-effective solution for the seller and the buyer and has a great impact on the customs value of the goods. CIF contains useful information that can be provided to customs authorities if needed. You can use this information to value the goods according to the documents approved by the banks.
Purpose of customs valuation
The purpose of customs valuation is to determine the exact amount of import duties and customs duties for imported goods. This valuation is done based on various factors and with the help of available documents and information in order to fulfill the currency obligations of the goods owner in exchange for the value of the imported cargo.
The customs value of goods has a direct effect on export and import shipments. Determining the customs value is the most important thing that is done in goods clearance and it is not the same for all goods. Customs determines the customs value based on various criteria and indicators.
The purpose of customs valuation is to determine the exact amount of import duties and customs duties for imported goods. This valuation is done based on various factors and with the help of available documents and information in order to fulfill the currency obligations of the goods owner in exchange for the value of the imported cargo.
Customs value of export goods
The customs value of export goods is actually the sum of the financial value of goods that are transferred from one country to another. This value is calculated in real or local currency and includes the costs of shipping, packaging, insurance and other costs related to sending the goods. In export, goods are valued based on different factors.
In international trade, the customs value of goods is determined based on the national currency unit, especially the US dollar and Euro. Due to the costs related to export, this amount may be different from the value of the goods. This customs value is recorded in the export documents and you will see it in the invoice.
The submitted documents are under customs supervision, that is why they are very important in international trade. The customs value of export goods includes the financial value of the goods that are exported. Based on certain criteria, customs divides this customs value into the following categories:
- The net value of the goods, excluding insurance and shipping costs.
- The costs of transporting the goods until they reach their destination.
- Insurance costs until the goods are damaged, the insurance will pay the damage.
- The costs of packaging and preparing the goods to be presented to the market.
- Other additional costs incurred in the export process.
ارزش گمرکی کالاهای وارداتی
To determine the customs value of imported goods, customs pays attention to important factors, the most important of which is the price of goods in international markets. This value includes all the costs of importing goods, including duties, insurance and shipping. To determine the customs value, you need to submit documents such as purchase invoice and insurance policy to customs. To determine the price of goods in domestic and foreign markets, you must first determine the customs value.
Imported goods are checked as soon as they enter the customs to determine their customs value accurately. This is a valid document for banks that provide foreign exchange facilities to importers. Traders can increase the volume of imports with the help of this document. In order to avoid overselling, economic corruption and economic problems, the customs value of the goods is absolutely necessary.
What is the tsc code?
The tsc code is an eight-digit code that can be seen at the end of each row of goods. The first four digits of this code are constant and the same in the world, and the second four digits are determined based on special rules and regulations by the government. This code is very important in the customs value of the goods and it is called the goods identification code.
This code is assigned to export and import shipments and is widely used in the classification of goods. With the help of the tsc code, the customs tariff of the goods can be obtained. How to calculate this code has its own principles. Goods that do not have this code are not easily classified and cannot be valued.
tsc calculation method
Calculating the customs value of goods requires expertise and is not for everyone. Experts in this field have taken responsibility for this sensitive and important work. If TSC is not calculated correctly, there will be a dispute between customs and the owner of the goods. The method of calculation is that first the purchase invoice must be presented to the customs so that the real value of the goods and its type can be determined.
The customs value is calculated based on the price of the goods. The seller is obliged to keep the certificate of origin everywhere. If the customs cannot determine the TSC with the help of documents, it will take action and determine the value of the goods. The first factor that is considered for the calculation is the wholesale price of the goods in the country of origin.
Entry fees and other costs are deducted from this price and valuation is done. Various methods are used to calculate, the most important of which are the transaction value of standardized and similar goods, inferential and computational value, and reverse review.
How is the customs valuation of cars?
Customs valuation of cars is done in a completely specialized manner and according to the rules. The customs value of cars is determined according to their model, brand and price. This is a big challenge for car importers; Because they have to determine the customs value of the goods in a completely accurate way. The tax affairs organization determines the customs value of cars.
Valuation is done based on the rules of each year and the circulars issued accordingly. The customs value determines the tax amount of each car. Businessmen who are in the business of importing cars must pay the numbering fee, tolls, insurance and transportation in addition to paying the tax. If these steps are not done correctly, it is not possible to import.
Electronic product value identification system
The electronic product value identification system is designed to track the value of the product in the supply chain. This is a targeted system that is made available to merchants with the aim of identifying the value of goods. To get to know the customs value of goods, you must first familiarize yourself with this system. The information related to each product is recorded in this system through different technologies such as barcode and Qr code.
Consumers, producers, distributors, exporters and importers can refer to this system to get information about any product. The design of this system has made customs work faster and easier. To use the system, you must enter the customs ID of the goods in order to access its information.
final word
The customs value of the goods is an important part of the export and import process and without it the final value of the goods cannot be determined. To determine this value, all merchants are required to provide the necessary documents such as purchase invoices to the customs. People who do not have enough information in this regard can consult with our active experts on the Gaseel site. We are with you in the valuation process so that you can go through the export and import process well
