- Hello Customer - Log in or Register!
There are six methods you can use to calculate your import valuations. Method 1 is the first method you must try. It applies to over 90 per cent of import consignments.
Method 1 is the 'transaction value' method. This is based on the price paid or payable by a buyer to a seller for the imported goods when sold for export to the European Union (EU). You'll need to provide evidence of the price paid with your import entry, eg a copy of the seller's invoice.
What to include in your Method 1 calculation
If they're not already included in the seller's price, you must add the costs of:
delivery to the EU border
most commissions (except buying commission)
royalties and licence fees paid by you on the imported goods as a condition of sale
containers and packing
any proceeds of resale the seller will receive
goods and services you provide to the seller for free or at a reduced cost - eg components incorporated in the imported goods, or development and design work carried out outside the EU and necessary for the production of the imports
If you import goods from a processor - ie a business that assembles or otherwise works on one or more sets of existing products to create your new imported products - transaction values can be built up by adding to the processing costs the value of any materials or components you provided to the processor.
What to exclude from your calculation
Items to be left out of the customs value if certain conditions are met include:
delivery costs within the EU
EU duties or taxes
taxes paid in the country of origin or export
quantity and trade discounts and those relating to cash and early settlement, that are valid at the time the goods are valued
dividend payments to the seller
marketing activities related to the imports
buying commission
export quota and licence costs
interest charges
rights of reproduction
post-importation work, eg construction or assembly
management fees
When does Method 1 not apply?
Method 1 can't be used if the goods are imported on consignment, ie there has been no sale, or they've been supplied free of charge or on loan.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 2203 NACHI | 17 | 40 | 16 |
| 1203 NACHI | 17 | 40 | 12 |