Customs Value
The customs value of a good forms the basis for the amount and calculation of import duties.
The EU customs valuation regulations, based on WTO customs valuation law, are very extensive and complex.
For a variety of circumstances, additional services must be included in the purchase price of the goods, while other costs may be deducted.
Errors can occur very quickly here, with the result that an unjustified reduction in duties can lead to a financial penalty procedure.
It is also conceivable that possible price reductions are not taken into account, resulting in higher import duties being paid.
Costs for goods analysis, quality control, development costs, supplies to the producer, fees for licenses and trademark rights, transport costs, assembly and installation costs are just a few examples and must be considered in the customs value of the goods depending on the business case.
Nothing should be risked here, and the possibility of savings should definitely be utilized.
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