☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Customs Valuation

The process of determining the value of imported goods for the purpose of calculating customs duties, based on the transaction value or alternative methods prescribed by international agreement.

Etymology: English compound · Category: International Trade · Source: WTO Agreement on Customs Valuation; 19 U.S.C. § 1401a
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