Accurate Customs Valuation for Exports
£595
100% of clients have customs compliantly reduced the value on which import duty for their goods is charged.
Customs valuation is the process of working out the value of declared goods when they’re imported to another country. It forms the basis for calculating customs duties, taxes and other charges, and is vital for traders to get right.
The customs valuation declared on the export / import declaration should not necessarily be the same as the value on the commercial invoice that was paid by the customer.
Incorrect valuations can harm profits and run the risk of fines for non-compliance, and it isn’t always as straightforward as showing an invoice.
Many UK companies are including costs in their customs declaration that do not need to be which results in higher import duties for them (if delivering DDP) or their customers which makes them uncompetitive.
With protectionism on the rise in many export markets, especially the USA, it’s never been more important to calculate the customs valuation of your goods accurately and customs compliantly.
The International Trade Consultancy will conduct a thorough analysis of your supply chain costs, customs valuation methodology and sales price to isolate the costs that can be removed from the customs valuation to legitimately reduce import duty.
A report will be provided explaining the methodology for calculating the customs valuation and justifying the reduction to customs authorities if they ask for it.
To benefit from this customs compliant way to reduce the import duty of your products
📞 Call us on +44 (0)7966 514 511 or 📧 Get in touch for your free initial consultation.