Accounting for imported goods

 

Accounting for imported goods

 

The customs value of a product is the cost, which is, as it is customary to put it, a basis for calculating taxes and customs payments. In many ways, it depends on the criterion and specificity of the delivery, as well as the specificity of the product supplied.

In accordance with the Agreement on Accountants in Walsall determining the customs value of products transported across the customs border of the Customs Union (further - The Agreement), the basis of its definition must be the cost of the transaction (to a very likely degree) with these products. Imagine one fact that in other words, the cost practically paid or payable for these products when they are sold for export to a single customs area of the Customs Union.

Articles 2 and 4 of the Agreement

In all this, the Agreement establishes that when determining the customs value to the value practically paid (to be paid) for the products, the costs of the amount in which they are carried out (to be implemented) by the buyer, but are not included in the price, practically, as people are used to express, paid, or payable for imported products:

Remuneration to intermediaries (agents) and brokers related to the purchase of valued (imported) products;

the cost of containers (if it is considered as a whole with imported products);

packaging costs, including the cost of packaging and packaging.

Apart from the fact that the customs value, in general, can be cut into, in a suitable way, as many put it, the distributed cost of products and services, directly or indirectly provided by the buyer to the merchant.

Customs value so to speak may include subsequent products and services, directly or indirectly, as we used to say, provided by the buyer to the merchant gratuitously