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Assessable Value Criteria

SME
Art and Works of Art
From New Zealand
To Taiwan
56 views / 2 experts
Leon L.
May 18, 2022

What are the criteria for the assessable value?

1 answer

Imad K.
May 18, 2022

In the assessable value, the following criteria are included:

  • Commission and brokerage;
  • Cost of container, which are treated as being one with the goods for customs purposes;
  • Cost of packing – labour or materials;
  • Materials, components, tools, etc. supplied by buyer;
  • Royalties and license fees;
  • Value of proceeds of subsequent sales;
  • Other payment as condition of sale of goods being valued;
  • Cost of transport up to place of importation;
  • Landing charges; and,
  • Cost of insurance.
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