Wa Declaration Of Value
What is a declaration of value?
A declaration of value is a document used to specify the estimated value of goods being shipped. It is required by customs authorities to determine the amount of customs duties and taxes that may be applicable to the goods. The declaration of value provides important information that allows customs officials to assess the value of the goods accurately.
What are the types of declaration of value?
There are two main types of declaration of value:
Specific Declaration of Value: This type of declaration provides the exact value of the goods being shipped. It is commonly used for high-value items or when the value of the goods is known.
General Declaration of Value: This type of declaration provides a general value range for the goods being shipped. It is commonly used when the exact value of the goods is unknown or when the goods have a variable value.
How to complete a declaration of value
To complete a declaration of value, follow these steps:
01
Gather all the necessary information about the goods, including their description, quantity, and value.
02
Determine the type of declaration of value you need to make: specific or general.
03
If using a specific declaration of value, accurately determine the value of the goods.
04
If using a general declaration of value, provide a reasonable value range for the goods.
05
Fill out the declaration of value form, ensuring all information is accurate and complete.
06
Submit the completed declaration of value form to the appropriate customs authority as required.
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