Most countries have agreed on how to assess values when their customs agents levy tariffs.Which of the following best expresses this agreement?
A)They should use the value of similar goods arriving at about the same time.
B)They should use the declared invoice price unless they doubt its authenticity.
C)They should assess a value based on local costs to produce a similar product.
D)They should assess a value based on the expected final consumer sales price.

Question

Quizplus · Accepted Answer

This is known as the "transaction value" method and it is the most commonly used method worldwide. It involves using the declared invoice price as the basis for assessing the value of goods for customs purposes, unless there is reason to doubt its authenticity.

Most Countries Have Agreed on How to Assess Values When