{"id":261,"date":"2026-01-19T11:31:25","date_gmt":"2026-01-19T01:31:25","guid":{"rendered":"https:\/\/dev.customs.gov.pg\/?page_id=261"},"modified":"2026-02-02T13:28:55","modified_gmt":"2026-02-02T03:28:55","slug":"valuation","status":"publish","type":"page","link":"https:\/\/dev.customs.gov.pg\/index.php\/valuation\/","title":{"rendered":"Valuation"},"content":{"rendered":"\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<p>Customs Valuation is a means of determining a Customs Value for the purpose of levying ad valorem duties<\/p>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading\" id=\"HowDoesCustomsDoThatLabel\">How does Customs do that?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Legislation<\/h3>\n\n\n\n<p>Customs value of imported goods has to be determined in accordance with the national laws of the country.<\/p>\n\n\n\n<p>PNG&#8217;s laws for Customs Valuation are called the <a href=\"https:\/\/dev.customs.gov.pg\/wp-content\/uploads\/2025\/09\/Customs-Ad-Valorem-Duties-Regulation-1987.pdf\" data-type=\"attachment\" data-id=\"171\">Customs (Ad Valorem Duties) Regulations 1987.<\/a><\/p>\n\n\n\n<p>This legislation is based on the WTO instruments:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Article VII of the General Agreement on Tariffs and Trade (GATT) 1994<\/li>\n\n\n\n<li>&nbsp;The Agreement on the Implementation of Article VII of the GATT 1994<\/li>\n\n\n\n<li>&nbsp;The Uruguay Round Ministerial Decision Regarding Cases where Customs Administrations have Reason to Doubt the Truth or Accuracy of the Declared Value<\/li>\n<\/ul>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading\" id=\"ThePrinciplesOfCustomsValuationLabel\">The Principles of Customs Valuation<\/h2>\n\n\n\n<p>Article VII of GATT lays down the principles that the Customs Value must not be arbitrary, fictitious or based on value of indigenous goods in the importing country. It should be real and based on the actual import or like goods. It should be derived from an actual sale or offer of sale in normal competitive business conditions. And consistent with commercial business practices.<\/p>\n\n\n\n<p>The Customs Value is based on the price paid or payable for the goods when sold for export to PNG. Simply, the transaction value of the goods on the market when sold to the importer in PNG.<\/p>\n\n\n\n<p>But this transaction value must not be subject to any conditions or influences that effects that transaction value.<\/p>\n\n\n\n<p>And this transaction value is also subject to certain adjustments that must be made in line with PNG Valuation legislation.<\/p>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading\" id=\"DeterminationOfCustomsValueLabel\">Determination of Customs Value<\/h2>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Transaction Value Method<\/h3>\n\n\n\n<p>The Transaction Value is the price paid or payable for the goods when sold for export to the country of importation. And needs to be adjusted according to certain factors contained in National legislation.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Other Methods<\/h3>\n\n\n\n<p>If the Customs Value is not ascertained under the Transaction Value Method, the Valuation Agreement provides provisions to determine a Customs Value using (5) other methods, that still has the Transaction value as the basis, in sequential order until a value is reached.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Transaction Value of Identical Goods<\/li>\n\n\n\n<li>Transaction Value of Similar Goods<\/li>\n\n\n\n<li>Deductive Value Method<\/li>\n\n\n\n<li>Computed Value Method<\/li>\n\n\n\n<li>Fallback Method<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading\" id=\"ImportantValuationIssuesLabel\">Important Valuation Issues<\/h2>\n\n\n\n<p>There are certain provisos that are taken into consideration when determining Customs Value and when adjusting that Customs Value.<\/p>\n\n\n\n<p>Customs must be satisfied with the truth and accuracy of declared values, compliance with valuation conditions and availability of objective and quantifiable data\/evidence of the sale transaction. The following conditions must be satisfied:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Customs Value in PNG is at CIF (terms of delivery\/incoterms) level. This means that the Customs Value is the value of the goods plus the cost of overseas freight plus cost of insurance for transport of the goods to PNG.<\/li>\n\n\n\n<li>There should be evidence of a sale for export to PNG. Evidence includes such things as commercial invoice, sales contract, purchase order, bank payment documents.<\/li>\n\n\n\n<li>The sale is not subject to any conditions or restrictions that has affected the value\/price of the goods.<\/li>\n\n\n\n<li>If there exists a relationship between the buyer and the seller, that relationship has not influenced the value\/price of the goods, and the importer is able to demonstrate that.<\/li>\n<\/ul>\n\n\n\n<p>Other Valuation Factors that are taken into account when adjusting a Customs Value are:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Dutiable Factors<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Commissions and brokerage, except buying commission<\/li>\n\n\n\n<li>Royalties and license fees<\/li>\n\n\n\n<li>Proceeds of subsequent sale that accrues to the seller<\/li>\n\n\n\n<li>Advance payments, deposits not reflected on invoice<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Non-dutiable Factors<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Discounts<\/li>\n\n\n\n<li>Buying Commission<\/li>\n\n\n\n<li>These charges provided they are separately shown on the invoice:\n<ul class=\"wp-block-list\">\n<li>&nbsp;interest charges<\/li>\n\n\n\n<li>&nbsp;post-importation charges<\/li>\n\n\n\n<li>&nbsp;duties and taxes payable in importing country<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>The dutiable factors are inclusions, and the non-dutiable factors are exclusions in the determination of a Customs Value.<\/p>\n\n\n\n<p>These factors must be clearly shown and adequately described on the invoice, established prior to importation and are directly related to the goods being valued before they can be allowed in the determination of Customs Value.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading\">Need more information?<\/h2>\n\n\n\n<p>Please contact the Valuation Section on email:\u00a0<a href=\"mailto:vals@customs.gov.pg\">vals@customs.gov.pg<\/a>\u00a0or further contact\u00a0<a href=\"https:\/\/customs.gov.pg\/contacts\/offices\">PNG Customs Service, HQ &#8211; Trade, Excise and Valuation Division<\/a>.<\/p>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-accent-5-color has-alpha-channel-opacity has-accent-5-background-color has-background is-style-dots\"\/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Related Documents<\/h3>\n\n\n\n<div class=\"wp-block-group is-layout-grid wp-container-core-group-is-layout-478b6e6b wp-block-group-is-layout-grid\">\n<div class=\"wp-block-file aligncenter\"><a id=\"wp-block-file--media-12ce1600-a02d-443a-aaa0-c000ff4a0236\" href=\"https:\/\/dev.customs.gov.pg\/wp-content\/uploads\/2025\/09\/Customs-Ad-Valorem-Duties-Regulation-1987.pdf\">Customs (Ad Valorem Duties) Regulation 1987<\/a><a href=\"https:\/\/dev.customs.gov.pg\/wp-content\/uploads\/2025\/09\/Customs-Ad-Valorem-Duties-Regulation-1987.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-12ce1600-a02d-443a-aaa0-c000ff4a0236\">Download<\/a><\/div>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-a376e0e1-12e2-46d3-a305-c117a772291a\" href=\"https:\/\/dev.customs.gov.pg\/wp-content\/uploads\/2025\/09\/TSCs-List-Implementation.pdf\">TSCs List -Implementation<\/a><a href=\"https:\/\/dev.customs.gov.pg\/wp-content\/uploads\/2025\/09\/TSCs-List-Implementation.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-a376e0e1-12e2-46d3-a305-c117a772291a\">Download<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Customs Valuation is a means of determining a Customs Value for the purpose of levying ad valorem duties How does Customs do that? Legislation Customs value of imported goods has to be determined in accordance with the national laws of the country. PNG&#8217;s laws for Customs Valuation are called the Customs (Ad Valorem Duties) Regulations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-261","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Valuation - PNG Customs Service<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.customs.gov.pg\/index.php\/valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valuation - PNG Customs Service\" \/>\n<meta property=\"og:description\" content=\"Customs Valuation is a means of determining a Customs Value for the purpose of levying ad valorem duties How does Customs do that? 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