When declaring your goods to customs, you need to use the border value of the goods. This means all charges incurred before the goods have reached the import border must be declared. This includes, but is not limited to:
- The cost of your goods.
- The cost for the freight of your goods.
- Any insurance premiums that have been paid against the goods.
- Packing costs.
- Export customs clearance.
All of these costs can be declared separately, or they will be included in the cost of the goods. This depends on the INCOTERM that you use. D-level and C-level INCOTERMS have these (except C&F, which does not include your insurance premium), whereas F-level terms and EXW (ex-works) require the freight and other costs to be declared separately.
Universal Customs Clearance will help you find the values for your import clearance if you need us to. Contact us for more information.