REGULATIONS ON CUSTOMS VALUE FOR EXPORTED GOODS

Customs value is the basis for tax calculation & statistics for imported and exported goods. So how to determine customs value for exported goods, what are the regulations? Let's join Dolphin Company to learn about customs value regulations for imported and exported goods.

1. General overview of customs value of exported goods

Concept:

• Customs value of exported goods is the selling price of goods at the export border gate, excluding sea freight (F) & insurance (I).

Rights and obligations of customs declarants:

• Self-declare and self-determine customs value according to the provisions of law.
• Be responsible before the law for the accuracy and truthfulness of the declared value.
• Submit & present documents as required by customs authorities.
• Consult to discuss and clarify customs authorities' doubts.
• Request a written notification from the customs authority.

Rights & obligations of customs authorities:

• Require customs declarants to submit and present relevant documents and vouchers.

2 . 04 methods to determine customs value of exported goods

Pursuant to Clause 15, Article 1 of Circular No. 39/2018/TT-BTC - replacing provisions in Article 4 of Circular No. 39/2015/TT-BTC .

• Selling price method up to the export border gate: is the selling price stated in the sales contract or commercial invoice and related costs calculated up to the export border gate in accordance with the documents if these costs are not included in the The selling price is calculated at the export border gate.

And 3 more determination methods:

• Method 2: Method of selling price of identical or similar exported goods on the basis of Customs Value database after converting to the selling price of exported goods being valued.
• Method 3: Method of selling price of identical or similar exported goods in the Vietnamese market recorded on the sales invoice at the time closest to the date of registration of the declaration of exported goods being valued.
• Method 4: Method of selling price of exported goods collected, synthesized and classified by customs authorities according to the provisions of Clause 8 of Decree No. 59/2018/ND-CP.

3. Check customs value during customs clearance

3.1. Sufficient grounds for rejection:

• Require businesses to make additional declarations.
• In case the Enterprise does not make additional declaration within the prescribed time limit -> issue a tax assessment decision.
• Grounds for rejection:
• The customs declarant does not declare or declares incorrectly or insufficiently the criteria related to customs value;
• The contents of value and delivery conditions on the commercial invoice are not consistent with the corresponding contents on the bill of lading or other transport documents.
• Additional content of grounds for rejection:
• The customs declarant does not declare or declares incorrectly or insufficiently one of the criteria related to customs value and affects the determination of customs value.
• There is a conflict in content related to customs value between documents in the customs dossier submitted or presented by the customs declarant to the customs authority.
• Does not satisfy one of the conditions when applying the customs valuation method.
• Improper application of sequence and content of customs valuation methods.

3.2. There is doubt about the declared value:

Customs declarants conduct consultations to clarify the accuracy of the declared value.

• The customs declarant agrees with the price and method expected to be determined by the customs authority in the Customs Value Notice: The customs declarant makes additional declaration according to the Notice within 5 working days from the date of arrival. Customs agency consults – customs agency clears goods.
• If additional declaration is not made according to the Notice or additional declaration is overdue, the customs authority will assess taxes, clear goods, and handle violations (if any).

4. What is the basis for inspection and determination of customs value?

The basis for inspection and determination of customs prices is clearly specified and promulgated in Clause 1, Article 21 of Decree 08/2015/ND-CP. Customs inspection and determination of value will be based on the criteria of:

●  Customs records of the shipment

●  Documents and documents related to goods

●  Actual shipment.

5. Conclusion

Above is an article clarifying regulations on customs value for exported goods of DOLPHIN Company. In addition, to update good articles about import-export or ship freight rates; train schedule. Customers can follow the fanpage to be updated with the latest articles.

If you have any questions, comments or need service advice, please contact our DOLPHIN Company hotline or email according to the information below:

• DOLPHIN SEA AIR SERVICES CORPORATION
• Hotline: 1900986813
• Email: saleshan6@dolphinseaair.com
• Fanpage Dolphin Sea Air Services Corp. - Logistics Company: https://www.facebook.com/dolphinseaairlogistics/

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