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Customs Value

From Ghana
To Australia
318 views / 0 experts
Feb 08, 2021

How is the Customs value (CV) calculated in Australia?

1 answer

Imad K.
Feb 08, 2021

The Customs Value of goods imported into Australia is the total value of the goods as determined by the importer’s commercial invoice as well as any applicable Customs duties, costs, transport costs and taxes. These additions are known as the taxable importation (VoTI) and brings the cost of goods inline with the Australian currency purchase price.

If Australian Customs determine that the value of the goods shown on the commercial invoice is understated the Customs value will be modified accordingly.

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