What is customs valuation?
|The customs value of the imported goods is a transaction value, i.e the real price paid or the price that should to be paid for the goods imported in the customs area of the Republic of Macedonia.
Laws and Regulation
|Customs valuation is regulated by the Customs Code (Article 27-45), (Official Gazette 39/05; 04/08, 158/10 and 44/11), Regulation on the Implementation of the Customs Code (Article 61-93) and the Contract for the application of Article 7 of the General Agreement on Tariffs and Trade GATT 1994.
Determination of customs base
|The regulations from the Customs Code provide different methods for customs value determination and those methods must be applied in precisely determined order, according to the Contract for the Application of Article 7 of the General Agreement on Tariffs and Trade GATT 1994. Basically, it is the following order:
1. Method of transaction value;
2. Method of transaction value of identical goods;
3. Method of transaction value of similar goods;
4. Deductive method;
5. Computed method;
6. Fall-back method.
These methods are explained in details in the By-law on Customs Value. An exception from the hierarchic order for the application of the methods for customs value determination can only be made on demand of the declarant for replacement of the deductive method with the computed method.
|For the enforcement of the customs valuation procedure by any of the abovementioned methods, the declarant needs to submit a declaration of value (D.V). This declaration is submited along with the Single Administrative Document (SAD), the purchase invoice, consignement note and other commercial documents. The declaration of value states whether there are other payments appart from the amount given in the invoice that are settled or that have to be settled; the type of transaction, the requirements of the payment, the currency of transaction, transport and insurance expenses, commission, residuals and other details relevant for the determination of the goods value. The declaration is filled in by the importer or his representative, provided that the declarant has its office in the Republic of Macedonia.
There is no need to fill in the declaration of value if the delivery has a customs value up to 1,000 Euros, for import of non-commercial goods and in other cases provided for in the Customs Tariff Code. Moreover, for regular import of goods of a company from the same seller under the same conditions, the customs authority can withdraw the request for the provision of declaration of value with every customs declaration, but it will be requested in case of any modification of the conditions and at least once in every three years.
During the customs valuation procedure, the customs authority can ask for further data and information to determine the customs value. After the termination of the procedure, a report is composed for the determination of the customs value which is used as basis for calculation of the import and other duties that the importer is obligated to pay. The calculation of the duties is done according to the tariff rates stipulated in the Customs Tariff Code.
MINISTRY OF FINANCE OF THE REPUBLIC OF MACEDONIA
– CUSTOMS ADMINISTRATION
Lazar Licenoski 13
tel. +389 23 116 188
fax: +389 23 237 832