In this recorded presentation, Anthony Buckley provides an overview and shares insights on the recently published Updated Compendium of Customs Valuation and the new Simplification Guidance:

• TAXUD has published a new compendium of texts on Valuation. This is a very valuable reference document, listing relevant legislation, and giving decisions and guidance on application in various circumstances.
• The Guidance published in March 2024 deals with additions and deductions that cannot be quantified at the time of the declaration – such as royalties, bonuses etc. The valuation simplification authorisation is granted under Article 73 UCC. It allows the importer to use agreed criteria to estimate the value of the unquantifiable amounts. 

Please find the slides in the resources section.