On: September 13, 2023 By: Mitch Kostoulakos
How to Determine Value for U.S. Customs
Typically the commercial invoice value is used by U.S. Customs and Border Protection for duty calculation. But when the invoice value cannot be used or the transaction isn't clear-cut, CBP uses an appraisement hierarchy to ensure a fair and consistent valuation of imported goods for customs purposes. Learn how to apply the appraisement hierarchy.