Declaration of Customs Value using the Prescribed Form
Declaration of Customs Value using the Prescribed Form
- It is important for customs agents to fully appreciate the definition and interpretation of Transaction Value and how the term relates to international trade documentation when making Customs declarations on the prescribed Single Administrative Form C17 and the Declaration relating to Customs Value form C36 (refer to EACCMA regulations 2010).
Key elements of Reference documents | Key elements of Reference documents |
Price actually Paid | Commercial invoice, Receipts, Sales contract, Telegraphic transfer, Form E |
Price actually Payable | Purchase order, Proforma invoice, Price lists, Credit agreement |
For the goods | Sales contract, Packing list, Certificate of analysis, Specific permits |
When sold for export | Sales contract, Sales confirmation, Certificate of origin, |
To the country of Importation | Purchase order, Bill of lading, Inland transport documents |
Adjusted in accordance with article 8 | Sales contract, Commercial Invoice |
Learning Activities
Activity 1
Read the following from East Africa Community Management Regulations 2010 and explain the provisions in relation to declaration of values on prescribed Customs documents as follows
- Form C17
- Declaration of value form
Activity 2
Research and look for the different types of regulatory, financial and commercial documents
Assignment
- Explain the provisions of Regulation 197 in relation to declaration of value
- Identify the columns on the form C17 where value is declared
- Identify the columns in which Adjustments under Article 8.2 relate.