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Articles

Case law
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The resale of fruit and vegetables at a loss does not automatically means fraudulent manipulation of the customs value. What is needed more?
06-06-2024

The previous article discussed the legal basis for the customs valuation of certain types of fruit and vegetables and the verification of the accuracy of such valuation. This article focuses on a specific case considered by the Bulgarian courts and subsequently referred to the Court of Justice of the EU. The Court of Justice of the EU has issued a preliminary ruling, which should bring more clarity for the procedures related to customs valuation of fruit and vegetables imported into the EU.

Georgi Goranov

valuation
Case law
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The resale of fruit and vegetables at a loss does not automatically means fraudulent manipulation of the customs value. What is needed more?
06-06-2024

The previous article discussed the legal basis for the customs valuation of certain types of fruit and vegetables and the verification of the accuracy of such valuation. This article focuses on a specific case considered by the Bulgarian courts and subsequently referred to the Court of Justice of the EU. The Court of Justice of the EU has issued a preliminary ruling, which should bring more clarity for the procedures related to customs valuation of fruit and vegetables imported into the EU.

Georgi Goranov

valuation
Explainer
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The special features of the customs valuation of imported fruit and vegetables
04-06-2024

This article is the first, introductory part of the article based on the judgment of the European Court of Justice (ECJ). This judgment concerns the customs valuation of certain types of fruit and vegetables in the EU, which has its own peculiarities compared to the valuation of other goods. Therefore, in this article, the author explains these peculiarities of the customs valuation mechanism and in the second part, the judgment itself is reviewed.

Georgi Goranov

valuation
Explainer
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The special features of the customs valuation of imported fruit and vegetables
04-06-2024

This article is the first, introductory part of the article based on the judgment of the European Court of Justice (ECJ). This judgment concerns the customs valuation of certain types of fruit and vegetables in the EU, which has its own peculiarities compared to the valuation of other goods. Therefore, in this article, the author explains these peculiarities of the customs valuation mechanism and in the second part, the judgment itself is reviewed.

Georgi Goranov

valuation
Valuation
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Year-end transfer pricing adjustments and the customs value
11-02-2024

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)?

Omer Wagner

valuation
Valuation
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Year-end transfer pricing adjustments and the customs value
11-02-2024

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)?

Omer Wagner

valuation
Valuation
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Discount for customs purposes? On one condition
04-02-2024

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).

Omer Wagner

valuation
Valuation
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Discount for customs purposes? On one condition
04-02-2024

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).

Omer Wagner

valuation
Showing 4 of 7

Videos

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Customs Valuation - Updated Compendium and Simplification Guidance
28min
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Anthony Buckley

valuation
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Customs Valuation - Updated Compendium and Simplification Guidance
28min
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Anthony Buckley

valuation
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Customs valuation and transfer pricing adjustments
35min
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Monika Bielskienė

valuation
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Customs valuation and transfer pricing adjustments
35min
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Monika Bielskienė

valuation
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Incotems: How it relates to customs valuation?
04min
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CustomsClear ㅤ

valuation
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Incotems: How it relates to customs valuation?
04min
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CustomsClear ㅤ

valuation
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Basics in customs: commodity code, origin and duties, customs value
15min
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Muita UAB

origin, valuation, classification
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Basics in customs: commodity code, origin and duties, customs value
15min
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Muita UAB

origin, valuation, classification
Showing 3 of 3

Courses

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Customs valuation in the EU
03h 10min
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Monika Bielskienė

€545.00
valuation
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Customs valuation in the EU
03h 10min
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Monika Bielskienė

€545.00
valuation
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Tariff code, value and origin of goods in EU and UK
03h 14min
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Customs Knowledge Institute

€345.00
classification, valuation, origin
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Tariff code, value and origin of goods in EU and UK
03h 14min
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Customs Knowledge Institute

€345.00
classification, valuation, origin
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Customs compliance training for EU and UK businesses
07h 23min
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Customs Knowledge Institute

€1,050.00
classification, valuation, origin, duties, taxes, customs clearance
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Customs compliance training for EU and UK businesses
07h 23min
image

Customs Knowledge Institute

€1,050.00
classification, valuation, origin, duties, taxes, customs clearance
Showing 4 of 4

Glossary

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Transfer pricing - EU law
12-11-2023

Transfer pricing is a rule that was designed in international taxation to establish which part of the income within a multinational enterprise needs to be allocated between two companies in the same group if they have a transaction between them. The rule, in general, is that they need to act as if they were third parties in order to establish the third-party price. Transfer pricing is important for determining the customs value of goods.

valuation
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Transfer pricing - EU law
12-11-2023

Transfer pricing is a rule that was designed in international taxation to establish which part of the income within a multinational enterprise needs to be allocated between two companies in the same group if they have a transaction between them. The rule, in general, is that they need to act as if they were third parties in order to establish the third-party price. Transfer pricing is important for determining the customs value of goods.

valuation
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Intrinsic value (e-commerce)
20-03-2022

Intrinsic value for commercial goods is the price of the goods themselves when sold for export to the customs territory of the Union, excluding transport and insurance costs, unless they are included in the price and not separately indicated on the invoice.

valuation
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Intrinsic value (e-commerce)
20-03-2022

Intrinsic value for commercial goods is the price of the goods themselves when sold for export to the customs territory of the Union, excluding transport and insurance costs, unless they are included in the price and not separately indicated on the invoice.

valuation
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Customs value
19-04-2020

“Customs value“ of imported goods on the international scale means the value as determined in accordance with the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (WTO Agreement on Customs Valuation).

CustomsClear ㅤ

valuation
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Customs value
19-04-2020

“Customs value“ of imported goods on the international scale means the value as determined in accordance with the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (WTO Agreement on Customs Valuation).

CustomsClear ㅤ

valuation
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Transaction value method
22-10-2019

The customs value primarily bases on the transaction value of imported goods, which is the price actually paid or payable for the goods when sold for export to the country of importation, plus, certain adjustments of costs and charges.

valuation
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Transaction value method
22-10-2019

The customs value primarily bases on the transaction value of imported goods, which is the price actually paid or payable for the goods when sold for export to the country of importation, plus, certain adjustments of costs and charges.

valuation
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