Customs valuation in the EU

(VAT excluded, card and bank transfer accepted)

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(VAT excluded, card and bank transfer accepted)

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Overview Resources

This course deals with the customs value of goods imported into the customs territory of the EU. As customs value is the basis for calculating customs duties and other import taxes, its determination is one of the key moments of customs-related activity. An incorrect determination of the customs value can lead to an overpayment, but also to an underpayment to the state budget, which can be subject to penalties and fines. For this reason, customs value is crucial for both importers and customs authorities.

In this course, you will learn the key principles for determining customs value under different trading conditions, the main legal requirements you need to comply with and the main challenges you may face. The course is one of the modules of the extensive Customs clearance and trade compliance in the EU training (see the brochure).

Lessons

The course consists of five video lessons:

  1. Introduction to customs valuation. Learn what customs valuation is and why it is so important.
  2. Transaction value method. Learn about the primary method of customs valuation, an algorithm of its application and cases where it is applicable.
  3. Secondary methods of customs valuation. Find out the circumstances under which each secondary method is used as well as the mechanisms of their application.
  4. Customs valuation and transfer pricing adjustments. Learn what transfer pricing is and how it relates to customs valuation.
  5. Post-import control. Learn what customs authorities can check regarding customs valuation even after your import procedure has been completed. Find out what you should do to be prepared for this kind of control.

In the resources section, you will find slides and recommended reading. In addition, you can read articles of interest on the platform during the entire learning period (after purchasing the course, you will get access to the articles).

Outcome

At the end of this course, you should know:

  • What customs value is and why it is important to calculate it correctly;
  • When and how to apply a primary method of customs valuation (the transaction value method);
  • What data and conditions are required for the application of secondary methods;
  • How to communicate with customs authorities when determining the customs value;
  • How to apply the basic principles and methods of transfer pricing when determining the customs value of goods if their seller and buyer are related persons;
  • How to meet challenges and mitigate the main risks when determining and declaring the customs value of imported goods as well as for a while after importation.

Upon successful completion of the quiz (more than 60% of the questions must be answered correctly), you will receive a certificate of completion.

Time

Please plan to dedicate ~6 hours to learning. 

Customs valuation is a source of both mistakes and opportunities. Spot mistakes in time and utilize opportunities to maximise compliance and avoid overpayment.

Monika BielskienÄ—

Customs Knowledge Institute: 🔗 Customs Knowledge Institute is an Irish not-for-profit organisation whose mission is to bring together passionate customs practitioners for the purpose of enhancing customs knowledge. 📧 CKI@customsknowledgeinstitute.org  
CustomsClear: we are the customs and trade compliance knowledge marketplace and our goal is to connect knowledge seekers with industry-related experts. Check other available 🔗courses.

Resources are available after purchase.

Comments ()

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Customs value and transfer pricing could be likened to Siamese twins - that's how closely linked they are. Let's discuss some practical questions related to the year-end transfer pricing adjustments: … If the price is revised upwards, does the importer have to go to customs and pay additional duties? If the price is revised downwards, is the importer entitled to a refund of duties? If the goods are duty-free and there is no excise duty, but only import VAT (which is deductible in any case)?

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The Israel Customs Authority does not seem to be a fan of discounts. It appealed against the judgement of the District Court, in which the court clarified that the Customs Authority cannot, on … the one hand, rely on the fact that the price is subject to a condition (discount) that cannot be assessed and the transaction price is therefore invalid, and, on the other hand, base the assessment on the transaction price but without the condition. Let's take a look at what the Supreme Court had to say in this dispute. The disputed amount is about ILS 5 million (~1.3 million Eur).

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Editors’ note: In this second part of the article, the author highlights the similarities and differences between customs valuation and transfer pricing and emphasises that the requirements may … differ for the same goods. He also outlines the solutions used by customs in different countries. For example, the Canada Border Services Agency considers the transfer price to be the ‘uninfluenced’ price paid or payable for imported goods if a written transfer price agreement exists between a vendor and a related purchaser and is in effect at the time of importation.

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Editors' note: In November, the European Commission published the news 'New transfer pricing rules to make life easier for businesses in the EU'. The new rules are necessary to address several challenges, including the competing objectives of customs and tax authorities, which lead to double compliance requirements. The problem is global. According to the Corporate Tax Association of Australia (CTAA), 'it is unacceptable for a business to be required to satisfy two arms of the same government, one demanding a higher price and the other a lower price in respect of the same transaction'. In this first part of the article, the author provides an overview of the rules and methods of customs valuation and transfer pricing.

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