Adjustment of customs value (CCC) is a recalculation of the customs value of goods due to the fact that the customs authorities do not agree with the price that the declarant (customs representative) declares during the customs declaration of imported goods.
Often the result of this process is the additional charge of customs payments. What is the reason for the adoption of such a decision? Often, customs officials are guided by certain risk profiles for a particular product. If the customs value, which is declared by the participants of foreign trade activities, is below this bar, then there is a need to adjust it. In this case, the participant can incur additional considerable material losses.
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