Customs valuation of imported goods, importance and basic notions for its application

Authors

DOI:

https://doi.org/10.21678/forseti.v12i16.1908

Keywords:

Customs valuation, Transaction value, Price actually paid or payable

Abstract

Customs valuation is the methodology that allows determining the taxable base for the calculation of import taxes and that is based, primarily, on the price actually paid or payable for the imported goods. Its complexity is the cause of different interpretations by both the Customs Authority and importers, which can generate important and substantial contingencies.

Author Biography

  • Julio Guadalupe Báscones, University of Lima

    Lawyer by the University of Lima. Member of the International Academy of Customs Law. Founder and Past -- President of the Peruvian Association of Customs Law and International Trade - APDACI. Past President of the Logistics Sector of International Trade and Member of the Foreign Trade Association - Xcom of the Lima Chamber of Commerce. Author of several works on the subject.

Portada Forseti Nº 16

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Published

2022-08-02

Issue

Vol. 12 No. 16 (2022): Forseti N° 16

Section

Artí­culos

How to Cite

Customs valuation of imported goods, importance and basic notions for its application. (2022). Forseti. Law Review, 12(16), 81-91. https://doi.org/10.21678/forseti.v12i16.1908