The Agreement on Customs Valuation makes the deductive value of a good the internationally preferred means of calculating dutiable value.

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The Agreement on Customs Valuation (part of the WTO agreements) primarily promotes the use of the transaction value method (the price actually paid or payable for the goods when sold for export) as the primary basis for customs valuation. The deductive value method is an alternative used only when the transaction value cannot be determined.

The Agreement on Customs Valuation Makes the Deductive Value of a Good