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Part 24: Valuation & Appraisement of Merchandise

Valuation & Appraisement of Merchandise • 16m

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    Quantities play a key role in pricing, while internal transport costs are also important. Customs officers have discretion in using test values for valuation, which serve as comparison points rather than transaction values. Related party transactions require careful analysis, and established cust...

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    Customs value approximation focuses on accepted variations and transaction values. Incorrect values can lead to misunderstandings. Deductive value categories include similar merchandise and specific rules. The reconciliation process helps update prices and correct overpaid duties. Proper declarat...

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    Banks implement security measures, such as lien on car titles, to ensure loan repayment, highlighting the difference between possession and ownership. In consignment sales, distributors keep the title while earning a commission. Appraisal methods for imported goods include transaction value and a...