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Value for Duty

What value should be declared for international transactions?

The value for duty is the value used to calculate the duties and/or taxes payable by importers on their imported merchandise - World Trade Organisation (WTO) has adopted the Customs Valuation Code to ensure uniform application amongst member countries. There exist numerous methods by which to determine the value for duty of imported goods. The primary method being the transaction value method wherein the value for duty is based upon the price paid or payable for the imported goods, subject to certain additions and/or deductions (transportation, commissions, export packing, royalties and licence fees…).

Protect yourself!

  • The value for duty is one of the data elements that customs officials consistently verify for accuracy.
  • Penalties are provided for in the event of either under- or over-evaluation of your imported goods
  • Depending on the country of importation, obtain confirmation of the value for duty of your imported goods from either the Canadian (National Customs Ruling) or the American Customs authorities (U.S. Binding Ruling), in order to protect yourself from the assessment of additional duties, accrued interest and/or penalties

Our experts can analyse, review and determine the value for duty of your imported goods.

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Complementary Information
Complete our Importer's Valuation Inquiry. Once completed, this will enable us to identify whether or not any valuation issues exist which should be addressed in more details. Available in 2 versions:

  1. Canadian Importers
  2. Non-resident Canadian Importers (Canada)

*A " yes " response to any of the questions will indentify a complex valuation issue where further study is required.
General Guide for Periodic Audit.
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