Actual Valuation

Tags: Glossary

The actual value of the goods being shipped, used for determining customs duties & insurance premiums.

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What is Actual Valuation?

Actual valuation refers to the determination of the true value of a shipment of goods for customs purposes. 


Customs authorities in different countries require importers to declare the value of the goods they are importing in order to determine the number of customs duties and taxes that are payable. The actual valuation is the value that is used for this purpose, and it must reflect the true value of the goods at the time of importation. 

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