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Vietnam: Customs valuation applied to exported and imported goods

Duy Thịnh

14:25, 02/07/2018

The General Department of Customs has issued Decision No. 1810/QĐ-TCHQ on promulgation of procedures for inspection, consultation and customs valuation applied to exported and imported goods during customs procedures.

According to Decision No. 1810/QĐ-TCHQ, customs valuation applied to exported and imported goods is prescribed as follows:

- The customs official shall consult and acquire adequate sources of information from the price database, documentary evidence in connection with every method which determine value;

- The customs official shall evaluate reliability of sources of information on GTT02 system and sources of information collected before conversion to customs value;

- Sources of information only are used after their reliability is verified to determine value. Sources of information that are in doubt, reliability of which are not verified;

- Customs valuation shall be carried out in accordance with rules and procedures prescribed in Clause 8 Article 1 of Decree No. 59/2018/NĐ-CP of Vietnam’s Government, Clause 15 Article 1 of Circular No. 39/2018/TT-BTC, Circular No. 39/2015/TT-BTC of the Ministry of Finance of Vietnam.

View more details at Decision No. 1810/QĐ-TCHQ of the General Department of Customs, effective from July 01, 2018.

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