The Impact Of Freight Costs On Customs Valuation
BIFA receives regular enquiries regarding valuation and in particular the different types of delivery costs, and which ones you must include or exclude in the customs value if you’re an importer or clearing agent.
Before working out which delivery costs to include in the customs value it is important to have first read “Prepare to work out the customs value of your imported goods” which can be found here.
The following are classed as delivery costs:
- the cost of transport
- the cost of insurance, including global or blanket policies
- loading and handling charges
- container charges, for example when hired for transportation of the imported goods
- terminal charges, charges for a variety of services in connection with the handling and storage of freight containers at container depots
- any other charges involved in carrying the goods from one place to another
It is necessary to include the costs up to the place of introduction of the imported goods into the UK border, more information can be found at https://www.gov.uk/guidance/delivery-costs-to-include-in-the-customs-value?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=c79cf1c8-1821-4969-b77d-f98e6c39a379&utm_content=daily