Application of the transaction value method

Once it has been established in the previous section of this procedure that the transaction value method applies, the next step is to determine the customs value accordingly, in accordance with the procedure described on this page.

The transaction value is the price actually paid or payable for the goods, in the transaction as selected in the previous section.

The price actually paid or payable is the total payment made or to be made by the buyer to the seller (or to a third party for the benefit of the seller) for the imported goods, and include all payments made or to be made as a condition of sale of the imported goods. In practice, the price paid or payable is usually equal to the price mentioned on the commercial invoice. It is the responsibility of the customer to flag if