5.7. Valuation rulings

5. Transparency in the administration of Customs valuation

A Valuation Ruling is a formal determination of customs value, issued after goods have been imported and duties and taxes paid. It results from a post-entry verification process.

Stage 1 Post-entry review	Customs conducts verification of declared value, reviewing all terms and conditions of the sales transaction.
Stage 2 Detailed examination	If warranted, a comprehensive audit of the importer's books and records is conducted.
Stage 3 Ruling issued	Customs presents findings: determined value, method used, and any actions required of the importer.
Stage 4 Ruling applied	All future imports from same supplier under same conditions use the same valuation method (fast-track eligible).
Stage 5 Risk assessment	Ruling becomes part of Customs risk criteria, allowing focus on higher-risk declarations.