Search results for: “customs value”

  • Customs Value

    Customs Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs Value: A method of valuing imported goods which excludes shipping costs from the final price.

  • Customs Transit

    The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing wi…

  • Customs Transit

    The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing wi…

  • Customs Valuation

    For importers, the process of estimating the value of a product at customs presents problems that can be just as serious as the actual duty rate charged. The WTO agreement on customs valuation aims for a fair, uniform and neutral system for the valuation of goods for customs purposes — a system that conforms to…

  • Customs

    Legal Issues Customs were the original form of international commercial law. As we have seen in the history of lex mercatoria, the customs existed before any statute of commercial law was made and were often the basis for legislation.(1) Customs in International Trade Meaning of Customs, […]

  • Value Added Tax

    Summary of Value Added Tax A tax imposed upon the value added to a product at each stage of the production process. The tax is applicable to all goods, from primary to consumer products. Each processor in the chain of production pays the tax in the purchase price of the goods, applying the […]

  • Export Value

    Summary of Export Value The price at which a foreign manufacturer customarily freely offers for sale a given product for export to the United States in the usual wholesale quantities, less export discounts, packing, and costs of preparing the goods for export. The use of this value […]

  • No Commercial Value

    No Commercial Value (NCV) in International Trade Meaning of No Commercial Value (NCV), according to the Dictionary of International Trade (Global Negotiator): Acronym used in proforma invoices and commercial invoices to express that the merchandise shipped, usually samples. do not have […]

  • Computed Value

    Computed Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Computed Value: (Not to be confused with constructed value.) An alternative method permitted by the Customs Valuation […]

  • Computed Value

    Computed Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Computed Value: (Not to be confused with constructed value.) An alternative method permitted by the Customs Valuation […]

  • Customs Cooperation Council

    An international organization established for the purpose of harmonizing the customs procedures and techniques of member countries. The agency is concerned with the mechanics of customs administration and is not involved in matters relating to tariff levels or similar substantive economic […]

  • Value

    Real Estate meaning of ValueIn the words of the Encyclopedia of Real Estate Terms about Value: Derived from the Latin valere, or the Old French valoir, 'to be worth'. That which is good or desirable, or the result of owning or using something that is good or desirable in itself. The […]

  • Deductive Value

    Deductive Value and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Deductive Value: An alternative method of valuing imported merchandise for customs purposes, permitted under the Customs […]

  • Customs Duty

    Spanish Translation of exemption from customs dutyThis is the legal translation of English to Spanish in relation to exemption from customs duty and / or a definition of this topic: Franquicia Aduanera (in Spanish, without translation of the dictionary entry).

  • Transaction Value

    The primary method of valuing goods for customs purposes under the Customs Valuation Agreement (read this and related legal terms for further details)….