Customs value

Customs value is the basis for assessing ad valorem customs duties and corresponds to the intrinsic value of the goods upon entry into the customs territory of the EU.

The customs value also forms the basis for the statistical value and the taxable amount for VAT purposes. Consequently, the customs value must be calculated even if the goods are duty-free or subject to a type of customs charge other than an ad valorem duty.

Customs value is established using specific methods that must be applied in sequential order. In the first instance, the customs value must be determined using the transaction value method under Articles 70–72 of the Union Customs Code (code 1).

If the customs value cannot be determined using the transaction value method, one of the secondary methods under Article 74 of the Code must be applied in the prescribed order (codes 2–6). The computed value method may be applied prior to the deductive method upon request.

In data element ‘14 10 000 000 – Valuation method’ in the import declaration, enter the code for the method used to determine the customs value.

Union Customs Code (in Swedish)

The transaction value method must be applied whenever possible; otherwise, one of the secondary valuation methods must be used.