On March 25, 2015, the Ministry of Finance issued the Circular No. 39/2015/TT-BTC prescribing customs value of exported and imported goods. According to this Circular, The customs value is the selling price of goods at the border gate of exportation exclusive of international insurance cost (I) and international freight cost (F), and determined according to the selling price written in the purchase and sale contract or other forms that have legal validity equivalent to such contract, commercial invoices and documents relevant to the actually exported goods.
If the customs value cannot be determined according to Point a of this Clause, the customs value is the value of identical or similar exported goods contained in the value database at the time nearest to the date on which the export declaration of the goods under customs valuation is registered, converted to the selling price at the border gate of exportation. If more than one customs value of identical or similar exported goods are determined, the lowest one shall be used
On principle and methods of customs valuation applicable to imported goods, the Circular points out clearly that the customs value is the buying price of goods at the first border gate of importation, determined according to the methods that the buying price at the first border gate of importation shall be determined by applying successively six methods of customs valuation until the customs value can be determined. Methods of customs valuation include method based on transaction value; method based on transaction value of identical imported goods; method based on transaction value of similar imported goods; method based on deductible value; method based on computed value; deductive method. If requested in writing by a customs declarant, the method based on deductible value and the method based on computed value can be interchanged.
This Circular takes effect on April 01. 2015.
Source: luatvietnam.vn
