Customs Valuation – Transaction Value, Adjustments, and Alternative Valuation Methods

        On January 29, 2025, an international online seminar was held with the support of the European Union's Border Management Programme in Central Asia (BOMCA) on the topic: "Customs Valuation – Transaction Value, Adjustments, and Alternative Valuation Methods." The seminar focused on the principles and methods of customs valuation of goods. The event aimed to enhance participants' knowledge and skills necessary for the effective application of customs valuation methods in the context of modern international trade.

       Customs valuation is a crucial element in international trade, ensuring the correct calculation of customs duties, value-added tax (VAT), excise duties, and other national taxes. The online seminar program covered key concepts and issues related to customs valuation, adjustments, and alternative valuation methods, which are essential for effective compliance control and ensuring the smooth flow of trade.

      The seminar was conducted by Ms. Marta Kannele, Head of the Customs Valuation and Payments Division at the Tariff Department of the National Customs Board of the State Revenue Service of Latvia.

     Participants included customs officials from Central Asian countries and representatives of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

      The event addressed key issues related to customs valuation, adjustments, and alternative valuation methods, allowing participants to deepen their knowledge in the effective application of modern customs control techniques.