What is Valuation Method?
In this glossary, Valuation Method refers to: A standardized procedure recognized by the WTO Customs Valuation Agreement for determining the customs value of imported goods, affecting duty calculation and clearance.
How is Valuation Method used in logistics?
In logistics communication, this term appears in contexts such as: "The transaction value was accepted as the primary valuation method for calculating customs duties on the shipment."
Why does Valuation Method matter in logistics?
Valuation Method 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 Method?
Valuation Method is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Valuation Method belong to?
In this glossary, Valuation Method 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.
