Customs Value
The value determined under customs valuation rules, used as a basis for duties and sometimes import taxes.
Last reviewed: 30 September 2026
Simple definition
The value determined under customs valuation rules, used as a basis for duties and sometimes import taxes.
Detailed explanation
The WTO Customs Valuation Agreement establishes an ordered framework beginning with transaction value, subject to conditions and adjustments. National legislation and evidence requirements govern its application.
Example
An importer, exporter or representative checks how “Customs Value” applies before submitting information or moving the goods.
Where used
Global · Customs Valuation · all transport modes.
Important conditions
Customs valuation can differ from invoice, accounting or transfer-pricing values. Verify additions, deductions and alternative methods under local law.
Common question
Does Customs Value apply in every country?
Not necessarily. Customs terminology, procedures and legal effects can differ by customs territory and applicable agreement.
Official source
Use the linked authority and applicable national guidance for current requirements.