What is Valuation Adjustment?
In this glossary, Valuation Adjustment refers to: An official modification to the customs value of goods declared for import, reflecting post-transaction elements (such as assists, royalties, or rebates), calculated per WTO Customs Valuation Agreement and applied to determine applicable duties and taxes on transport documents.
How is Valuation Adjustment used in logistics?
In logistics communication, this term appears in contexts such as: "A valuation adjustment was applied to the customs declaration after the invoice price was found to exclude royalty payments, in compliance with Article 8 of the WTO Customs Valuation Agreement."
Why does Valuation Adjustment matter in logistics?
Valuation Adjustment matters because it supports clear communication in Customs contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Valuation Adjustment?
Valuation Adjustment is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Valuation Adjustment belong to?
In this glossary, Valuation Adjustment is grouped under Customs. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.
