What is Valuation Method?
Valuation Method A standardized procedure recognized by the WTO Customs Valuation Agreement for determining the customs value of imported goods, affecting duty calculation and clearance.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Valuation Method” Used in Practice?
The transaction value was accepted as the primary valuation method for calculating customs duties on the shipment.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
Learn “Valuation Method” Free with Termify
Master Valuation Method and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.
Download Free for iOSFrequently Asked Questions
What is Valuation Method?
A standardized procedure recognized by the WTO Customs Valuation Agreement for determining the customs value of imported goods, affecting duty calculation and clearance.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Valuation Method and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
Last updated: