Customs value: Problems, approaches and practical recommendations

       On November 29, 2024, as part of the interaction between the Training and Methodical Center of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan (TMC SRC MF RK) and the Customs Institute of the Customs Committee under the Ministry of Economy and Finance of the Republic of Uzbekistan (CI CC MEF RU) a successful online seminar was held on the actual topic "Customs value".

      The seminar was attended by students and teachers of the Customs Institute of the Republic of Uzbekistan and employees of the Training and Methodical Center.

     The purpose of the event was an in-depth study of the theoretical and practical aspects of customs value, its impact on foreign trade, as well as an analysis of modern approaches to the valuation of goods crossing the borders of countries.

     The lecturers at the seminar were:

     – Bolat Ibragimov - Head of the Department of Customs Methodology of the SRC MF RK;

     – Anvar Shadmonkulov - Head of the Department "Customs Duties" of the Customs Institute of the CC MEF RU.

      The seminar participants discussed key issues such as the definition of customs value, methods of its calculation, legal norms and practical aspects of implementation within the framework of modern international standards.

     During the seminar, special attention was paid to the following topics:

     - principles and methods of determining the customs value;

     - the impact of the accuracy of determining the customs value on the import and export processes;

     - the role of customs value in the calculation of customs duties and taxes;

     - problems and challenges faced by customs authorities and businesses when interacting in the valuation process.

      The event was held in the format of a live dialogue, where participants could ask questions to experts, share their experiences and receive useful recommendations. The online seminar has also become an important platform for the exchange of knowledge between educational institutions of Uzbekistan and Kazakhstan, which contributes to the strengthening of professional ties and the development of training programs in the field of customs.

      The organizers expressed gratitude to all participants of the seminar for their active participation and high level of discussions. In the future, it is planned to continue cooperation in the field of knowledge exchange and practical experience in the field of customs.