The customs value of goods serves as the basis for calculating customs duties, taxes, and other mandatory payments. Therefore, verifying its accuracy is one of the key areas of customs control.
🔎 How is customs value control carried out?
Verification of documents and information relating to customs value is not conducted for every customs declaration. Customs authorities apply a risk management system (RMS) to identify consignments requiring additional verification.
⚠️ In which cases may verification be initiated?
The grounds for verification may include:
▪️ discrepancies between the submitted documents;
▪️ a significant deviation of the declared value from the value of identical or similar goods;
▪️ the absence of supporting documents for certain components of customs value;
▪️ incorrect accounting of transportation and insurance costs, royalty and licence fees, and other expenses that must be included in the customs value.
✅ In which cases may verification not be conducted?
The customs legislation of the Eurasian Economic Union (EAEU) provides for a mechanism to simplify customs administration.
Verification may not be conducted for identical goods imported under the same foreign trade contract if the customs authority has previously confirmed the accuracy of the customs value for a similar consignment, determined using the transaction value method for imported goods (Method 1).
The following conditions must be met simultaneously:
🔹 the goods are imported under the same foreign trade contract;
🔹 Method 1 is used to determine the customs value;
🔹 the material terms of the transaction affecting customs value, including the price, delivery terms, and payment arrangements, remain unchanged;
🔹 there are no new circumstances that could affect the customs value or raise doubts about the accuracy of the declared information;
🔹 the customs declaration contains information about the previously cleared consignment for which the customs value was confirmed.
📌 Important!
The non-conduct of verification is not guaranteed automatically. If the risk management system identifies signs of potential violations or doubts arise regarding the accuracy of the declared information, the customs authority is entitled to conduct verification.
🤝 The application of the risk management system helps ensure effective customs control, reduce the administrative burden on compliant participants in foreign economic activity, and accelerate customs clearance where no risk factors are identified.
