Transaction Value Method
Customs valueArt. 70-71 – Regulation (EU) No 952/2013 (UCC)
PL: Metoda Transakcyjna | DE: Transaktionswertmethode
Definition
The transaction value method is the primary and most commonly used method for determining the customs value of imported goods, regulated in Art. 70 of the Union Customs Code. Under this method, the customs value equals the transaction value, i.e., the price actually paid or payable for goods sold for export to the EU customs territory, with appropriate adjustments.
The following are added to the transaction price (Art. 71 UCC): transport and insurance costs to the point of entry into the EU customs territory, loading and handling costs, commissions and brokerage (except buying commission), container and packaging costs, licence fees and royalties, any part of proceeds from subsequent resale accruing to the seller, and the value of materials and tools supplied by the buyer.
The transaction value method cannot be applied when: there is no sale, there are restrictions on the disposition of goods, the price depends on conditions that cannot be determined, or relations between the parties affect the price. In such cases, substitute methods provided in Art. 74 UCC are applied sequentially.
The following are added to the transaction price (Art. 71 UCC): transport and insurance costs to the point of entry into the EU customs territory, loading and handling costs, commissions and brokerage (except buying commission), container and packaging costs, licence fees and royalties, any part of proceeds from subsequent resale accruing to the seller, and the value of materials and tools supplied by the buyer.
The transaction value method cannot be applied when: there is no sale, there are restrictions on the disposition of goods, the price depends on conditions that cannot be determined, or relations between the parties affect the price. In such cases, substitute methods provided in Art. 74 UCC are applied sequentially.