What is Valuation Appeal?
Valuation Appeal A formal request submitted by an importer to customs authorities to contest the determined customs value of imported goods, invoking review under national law and WTO Valuation Agreement, typically referenced in official customs documentation.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Valuation Appeal” Used in Practice?
The importer lodged a valuation appeal after customs determined the transaction value did not reflect the true price paid, referencing national valuation legislation.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Valuation Appeal?
A formal request submitted by an importer to customs authorities to contest the determined customs value of imported goods, invoking review under national law and WTO Valuation Agreement, typically referenced in official customs documentation.
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