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Archive for July, 2003

Why Customs rejects the invoice price of imported goods

Why Customs rejects the invoice price of imported goods

Jul. 23 | In our previous article entitled “WTO Agreement on Customs Valuation: An Introduction”, we discussed the background of the present WTO-based customs valuation system and provided the basic concept on the “Transaction Value”. This...

How to defend your invoice price before the VCRC

How to defend your invoice price before the VCRC

Jul. 3 | This is the third part of a series of articles on the subject of customs valuation. Our previous article was on “why customs reject the invoice price of imported goods”. At the outset, let me point out that under present customs rules and...
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