Customs Value

Business, Legal & Accounting Glossary

Definition: Customs Value


Customs Value


Full Definition of Customs Value


The amount that an imported product is judged to be worth by customs officials, for purposes of levying taxes or import duties. The customs value of a product is normally determined by the price paid by the receiver of the goods, plus other expenses associated with shipping or importing.


Cite Term


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Page URL
https://payrollheaven.com/define/customs-value/
Modern Language Association (MLA):
Customs Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 08, 2024 https://payrollheaven.com/define/customs-value/.
Chicago Manual of Style (CMS):
Customs Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/customs-value/ (accessed: November 08, 2024).
American Psychological Association (APA):
Customs Value. PayrollHeaven.com. Retrieved November 08, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/customs-value/

Definition Sources


Definitions for Customs Value are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.