METHODS OF CUSTOMS VALAUTION
Article 1-8 of WTO Agreement on Customs Valuation
Fourth Schedule (S.37 & 122 of EACCMA)
TRA TANZANIA
TID REVENUE AUTHORITY 1
, TRANSACTION VALUE METHOD
According to article 1, customs value of the
goods to the maximum extent should be the
“transaction value”
Transaction value is the primary basis of
customs valuation or primary method
TRA TANZANIA REVENUE AUTHORITY
,Thus;
The Customs Value of imported goods shall be the
transaction value, that is, the price actually paid
or payable for the goods when sold for export to
the country of importation and adjusted in
accordance with the provisions of Article 8
Price paid Adjustments
Transaction or Payable (Article 8)
Value (Article 1)
TRA TANZANIA REVENUE AUTHORITY
, Summary of Article 1:
The customs value of imported goods should be:
The transaction value- price paid or payable
Adjusted in accordance with Article 8 provisions
All conditions should be fulfilled
TRA TANZANIA REVENUE AUTHORITY