Valuation Challenge

What is a valuation challenge?

This is a type of customs inspection conducted by customs authorities when they have grounds to be suspicious about the customs value. In most cases, the shipment will be selected for valuation check after a document or physical inspection. In order to prove to customs that the value of the goods is correct further documentation from the client is required, including but not limited to:

• Sea freight insurance policy
• Commercial Invoice
• Resale invoice
• Purchase contract/order
• Invoice for transport cost
• Invoice for insurance
• Corresponding regarding purchasing
• Bill of Lading
• Clearance order
• Direct representation authorization
• Payment receipt/ bank statement
• Export declaration

How do you respond to a valuation challenge?

Customs sets a deadline for the documents. If you miss it, the authority may reject your declared value and assess duty on its own figure. Make sure your commercial invoice matches your payment records and purchase order, and answer promptly with the help of your customs broker.

Back to the full glossary.